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Notes on the Theory of the ‘Big Push’

In: Economic Development for Latin America

Author

Listed:
  • P. N. Rosenstein-Rodan

    (Massachusetts Institute of Technology)

Abstract

‘There is a minimum level of resources that must be devoted to … a development program if it is to have any chance of success. Launching a country into self-sustaining growth is a little like getting an airplane off the ground. There is a critical ground speed which must be passed before the craft can become airborne. …’ l Proceeding ‘bit by bit’ will not add up in its effects to the sum total of the single bits. A minimum quantum of investment is a necessary, though not sufficient, condition of success. This, in a nutshell, is the contention of the theory of the big push.

Suggested Citation

  • P. N. Rosenstein-Rodan, 1961. "Notes on the Theory of the ‘Big Push’," International Economic Association Series, in: Howard S. Ellis (ed.), Economic Development for Latin America, chapter 0, pages 57-81, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-08449-4_3
    DOI: 10.1007/978-1-349-08449-4_3
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    Cited by:

    1. Keller, Michael, 2022. "Oil revenues vs domestic taxation: Deeper insights into the crowding-out effect," Resources Policy, Elsevier, vol. 76(C).
    2. Jeannette Graulau, 2008. "‘Is mining good for development?’," Progress in Development Studies, , vol. 8(2), pages 129-162, April.

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