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Macro Policies, the Terms of Trade and the Spatial Dimension of Balanced Growth

In: The Balance between Industry and Agriculture in Economic Development

Author

Listed:
  • Gustav Ranis

    (Yale University)

Abstract

Over the past half century both theoretical analysis and policy have focused rather heavily on the impact of international trade in the context of individual LDCs’ development efforts. With most of the developing countries emphasising a shift from a raw materials enclave to an industrial enclave, the focus of theory and policy has been on the relations between the import substituting industrial enclave and the rest of the world. Inevitably, the discussion, especially in the 1950s and 1960s, concentrated on the promotion of that enclave in interaction with the rest of the world, while agriculture and dispersed industry and services were neglected.

Suggested Citation

  • Gustav Ranis, 1989. "Macro Policies, the Terms of Trade and the Spatial Dimension of Balanced Growth," International Economic Association Series, in: Nurul Islam (ed.), The Balance between Industry and Agriculture in Economic Development, chapter 2, pages 39-60, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-10277-8_2
    DOI: 10.1007/978-1-349-10277-8_2
    as

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