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Comparative Advantage and Development Policy

Author

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  • Hollis B. Chenery

Abstract

In the great revival of interest in economic development that has marked the past decade, attention has centered on two main questions: first, what determines the over-all rate of economic advance?; second, what is the optimal allocation of given resources to promote growth? Analysis of the growth rate has relied mainly on the Keynesian tools and has produced a multiplicity of aggregate growth models. The second question, however, reopens more ancient economic issues, and their analysis must start from the classical and neo-classical solutions. Only very recently have the two types of discussion tended to come together in the more comprehensive framework of general equilibrium analysis.

Suggested Citation

  • Hollis B. Chenery, 1965. "Comparative Advantage and Development Policy," Palgrave Macmillan Books,, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-00460-7_2
    DOI: 10.1007/978-1-349-00460-7_2
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    Cited by:

    1. Warr, Peter G., 1974. "The Economics Of Shadow Pricing: Market Distortions And Public Investment," Staff Papers 14116, University of Minnesota, Department of Applied Economics.
    2. Siebert, Horst, 1969. "Regionalwirtschaftslehre in den USA: Ein Überblick," Open Access Publications from Kiel Institute for the World Economy 3587, Kiel Institute for the World Economy (IfW Kiel).

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