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Technical Change in the North: Some Implications for Southern Options

In: Structural Change, Economic Interdependence and World Development

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  • Frances Stewart

    (Oxford University)

Abstract

The debate about choice of technique in developing countries has been about choice at a particular point in time.1 Yet perhaps the most obvious fact about technology in modern economies is that it is continuously changing, both with respect to products and processes. Conclusions based on the static picture (given technology set and product) are likely to become obsolete. The nature and direction of technical change determines the set of technologies available to a developing country at a point of time, and how that set is changing: hence the nature of technical change has considerable implications for development patterns. This paper discusses aspects of this question.

Suggested Citation

  • Frances Stewart, 1987. "Technical Change in the North: Some Implications for Southern Options," International Economic Association Series, in: Luigi Pasinetti & Peter Lloyd (ed.), Structural Change, Economic Interdependence and World Development, chapter 4, pages 27-45, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-18840-6_4
    DOI: 10.1007/978-1-349-18840-6_4
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