Transitional Growth and World Industrialisation

  • Hollis B. Chenery

Abstract

In the past 25 years, world population has nearly doubled and world output has tripled. This rapid growth has been accompanied by an accelerated shift of economic activity, and particularly of industry, from the old industrial centres to newly developed countries and to countries in the process of development. The reallocation of economic activity can be thought of both as reflecting the internal dynamics of national growth, as well as the international spread of technology and changing comparative advantage. An integrated treatment of the international allocation of production and trade must deal with both of these aspects.

Keywords

Europe Petroleum Rubber Income Syria 

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Copyright information

© The Nobel Foundation 1977

Authors and Affiliations

  • Hollis B. Chenery

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