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What are the main pillars of big push?
Prof. Rodan advocated that Big Push emphasizes that simultaneous development of industries would create external economies in the long run period in the shape of skill of labour and training. But in the opinion of Prof. Viner and E. Ellis, external economies generally result in reducing cost rather than expanding the output.
What happens if you do a big push?
An attempt at a big push would probably amount to starting more projects than the country’s resources can cope with, with the result of lengthening the period of investment unnecessarily and uneconomically.
What is the theory of big push about?
The theory of ‘big push’ first put forward by P.N. Rosenstein-Rodan is actually a stringent variant of the theory of ‘balanced growth’. The crux of this theory is that the obstacles of development are formidable and pervasive. The development process by its very nature is not a smooth and uninterrupted process.
Why do underdeveloped countries not adopt big push theory?
Since the underdeveloped countries do not adopt Big Push theory but it envisages the investment in different industries of consumption goods, capital goods as well as other social overheads. As a result, they are likely to yield returns after a long time.
Last Update: Oct 2021
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Quintisha
21.10.2021 00:48
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Brain drain is the migration of skilled human resources for trade, Education, etc.
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18.10.2021 09:00
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