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International Specialization and the Concept of Balanced Growth

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  • John Sheahan

Abstract

Introduction, 183. — I. The problem of investment incentives in a low income country, 184. — II. Internal difficulties in the argument for balanced expansion, 188. — III. The role of international trade, 191. — IV. Interdependence of the rate of return on capital and the rate of economic growth, 194. — V. Conclusions, 196.

Suggested Citation

  • John Sheahan, 1958. "International Specialization and the Concept of Balanced Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 72(2), pages 183-197.
    • Handle: RePEc:oup:qjecon:v:72:y:1958:i:2:p:183-197.
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    File URL: http://hdl.handle.net/10.2307/1880594
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    Cited by:

    1. Jeffrey D. Sachs & Xiaokai Yang, 1999. "Gradual Spread of Market-Led Industrialization," CID Working Papers 11A, Center for International Development at Harvard University.
    2. Han, Junhee & Lee, Keun, 2022. "Heterogeneous technology and specialization for economic growth beyond the middle-income stage," Economic Modelling, Elsevier, vol. 112(C).

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