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Choice of Strategy in a Labour-abundant Developing Economy: An Empirical Analysis

In: Employment Policy in a Developing Country A Case-study of India Volume 2

Author

Listed:
  • Raghav Gaiha

    (University of Delhi)

Abstract

This paper aims at evaluating a set of strategies in the context of a labour-surplus developing economy. Given the primacy of the employment objective, an important consideration is the employment potential of a strategy. The choice of a strategy cannot, of course, be limited to a choice in terms of the employment potential alone. Questions relating to investment requirements of the strategies in question also need to be examined. To the extent that scarcity of foreign exchange acts as a constraint — undeniably an important constraint for most developing countries — the relative effectiveness of a strategy in overcoming this constraint adds another important dimension to the choice at issue. These are some of the questions examined here with Indian data.

Suggested Citation

  • Raghav Gaiha, 1983. "Choice of Strategy in a Labour-abundant Developing Economy: An Empirical Analysis," International Economic Association Series, in: Austin Robinson & P. R. Brahmananda & L. K. Deshpande (ed.), Employment Policy in a Developing Country A Case-study of India Volume 2, chapter 5, pages 439-460, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-06646-9_5
    DOI: 10.1007/978-1-349-06646-9_5
    as

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