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Economic Development in Third World Countries: The Role of Existing Sources of Energy and Alternative Choices

In: Structural Change, Economic Interdependence and World Development

Author

Listed:
  • V. S. Mahajan

    (Punjab University)

Abstract

While developing countries are legitimately anxious to achieve high growth rates, they in fact find it very difficult to do so mainly due to underdeveloped resources and domestic markets. Most of the developing economies, moreover, do not have enough natural resources, especially minerals, and those that do, have only partially exploited these. For example, the fact that a number of developing countries have an abundant supply of hydro resources does not help them unless such hydro potential is harnessed for energy generation. Similarly, the existence of coal in areas remote from the centre of industrial activity is of little help unless either the centre of industrial activity is brought close to the coal-mining areas, which would facilitate the optimal operation of thermal plants, or there exists an efficient transport system for the quick transportation of coal to feed power plants which are located at a distance.

Suggested Citation

  • V. S. Mahajan, 1987. "Economic Development in Third World Countries: The Role of Existing Sources of Energy and Alternative Choices," International Economic Association Series, in: Luigi Pasinetti & Peter Lloyd (ed.), Structural Change, Economic Interdependence and World Development, chapter 38, pages 537-551, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-18840-6_38
    DOI: 10.1007/978-1-349-18840-6_38
    as

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