Challenge of Technology
Fashions wax and wane in development economics. The so-called ‘neo-classical’ model with its emphasis on savings rates and capital accumulation is now an old shibboleth. The ‘vicious circle’ breakers and ‘big push’-ers have had their moments of glory. The strategy of import-substituting industrialisation has not resulted in the hoped-for El Dorado. Technology is the new deity to which policy makers and economists are making obeisance these days.
KeywordsScience Policy Factor Price Minimum Wage Legislation Relative Factor Price Technological Dependence
Unable to display preview. Download preview PDF.
- 3.Frances Stewart, ‘Choice of Techniques in Developing Countries’, in C. Cooper (ed.), Science, Technology and Development (London: Frank Cass, 1973).Google Scholar
- 5.For a detailed discussion see V. N. Balasubramanyam, International Transfer of Technology to India (New York: Praeger, 1973).Google Scholar
- 6.A. K. Sen, Employment, Technology and Development (London: Oxford University Press, 1971) p. 12.Google Scholar
- 7.Hans W. Singer, ‘Employment Problems in Developing Countries’, in Singer (ed.), The Strategy of International Development (London: Macmillan, 1973) p. 38.Google Scholar
- 8.Paul W. Strassman, Technological Change and Economic Development (New York: Cornell University Press, 1968) p. 236.Google Scholar
- 16.D. Morawetz, ‘Employment Implications of Industrialisation in Developing Countries’, Economic Journal, September 1974.Google Scholar
- 19.Warren F. Ilchman and Norman T. Uphoff, ‘Beyond the Economics of Labour-intensive Development’, Public Policy, Vol. 22, 1974.Google Scholar