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- Ragnar_Nurkse's_balanced_growth_theory abstract "The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy. He recognised that the expansion and inter-sectoral balance between agriculture and manufacturing is necessary so that each of these sectors provides a market for the products of the other and in turn, supplies the necessary raw materials for the development and growth of the other.Nurkse and Paul Rosenstein-Rodan were the pioneers of balanced growth theory and much of how it is understood today dates back to their work.Nurkse's theory discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state. Nurkse has also clarified the various determinants of the market size and puts primary focus on productivity. According to him, if the productivity levels rise in a less developed country, its market size will expand and thus it can eventually become a developed economy. Apart from this, Nurkse has been nicknamed an export pessimist, as he feels that the finances to make investments in underdeveloped countries must arise from their own domestic territory. No importance should be given to promoting exports.".
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- Ragnar_Nurkse's_balanced_growth_theory subject Category:Development_economics.
- Ragnar_Nurkse's_balanced_growth_theory subject Category:Development_studies.
- Ragnar_Nurkse's_balanced_growth_theory subject Category:Economic_development.
- Ragnar_Nurkse's_balanced_growth_theory subject Category:Economic_growth.
- Ragnar_Nurkse's_balanced_growth_theory subject Category:Economic_theories.
- Ragnar_Nurkse's_balanced_growth_theory subject Category:General_economics.
- Ragnar_Nurkse's_balanced_growth_theory type Abstraction100002137.
- Ragnar_Nurkse's_balanced_growth_theory type Cognition100023271.
- Ragnar_Nurkse's_balanced_growth_theory type EconomicTheories.
- Ragnar_Nurkse's_balanced_growth_theory type EconomicTheory105994935.
- Ragnar_Nurkse's_balanced_growth_theory type Explanation105793000.
- Ragnar_Nurkse's_balanced_growth_theory type HigherCognitiveProcess105770664.
- Ragnar_Nurkse's_balanced_growth_theory type Process105701363.
- Ragnar_Nurkse's_balanced_growth_theory type PsychologicalFeature100023100.
- Ragnar_Nurkse's_balanced_growth_theory type Theory105989479.
- Ragnar_Nurkse's_balanced_growth_theory type Thinking105770926.
- Ragnar_Nurkse's_balanced_growth_theory comment "The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy.".
- Ragnar_Nurkse's_balanced_growth_theory label "Ragnar Nurkse's balanced growth theory".
- Ragnar_Nurkse's_balanced_growth_theory sameAs m.0h53p_s.
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- Ragnar_Nurkse's_balanced_growth_theory sameAs Q13113026.
- Ragnar_Nurkse's_balanced_growth_theory sameAs Ragnar_Nurkse's_balanced_growth_theory.
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- Ragnar_Nurkse's_balanced_growth_theory depiction The_process_of_economic_development_as_per_Ragnar_Nurkse's_Balanced_Growth_Theory.svg.
- Ragnar_Nurkse's_balanced_growth_theory isPrimaryTopicOf Ragnar_Nurkse's_balanced_growth_theory.