Abstract
We have seen how the different characteristics of economic backwardness are interrelated and mutually support one another. This gives rise to the self-perpetuating character of economic backwardness. No special explanation is necessary regarding why poverty and stagnation have continued to hold sway over a long period in many countries. It is growth which must be treated as a special phenomenon. Some countries haN e achieved a breakthrough from the vicious circle of poverty. Given the nature of economic backwardness, how did these countries overcome stagnation and embark on a course of sustained development?
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1973 Amlan Datta
About this chapter
Cite this chapter
Datta, A. (1973). The Breakthrough. In: Perspectives of Economic Development. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01956-4_2
Download citation
DOI: https://doi.org/10.1007/978-1-349-01956-4_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-01958-8
Online ISBN: 978-1-349-01956-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)