Unbalanced growth strategy (Pole growth strategy)
This is where all economic resources are mobilized and channeled towards the growth and development of priority (leading) sectors which then induce growth and development in other sectors.
The strategy aims at deliberately creating planned imbalance in the economy so as to attain economic growth and development. By concentrating on one sector or a few sectors which have the greatest linkage effect, for example developing the agricultural sector first for the case of Uganda, it can later stimulate the growth and development of the industrial sector by releasing labour, supplying raw materials and providing markets for the industrial products.
CATEGORIES Economics
TAGS Dr. Bbosa Science