The big push development theory

The big push development theory

The big push development theory states that for a backward economy to take off into self-sustained growth, it requires a massive investment program designed to promote rapid industrialization as well as building up of social economic infrastructure.

It emphasizes injecting massive capital and other financial resources into the economy in order to propel rapid large scale growth.  The industries should be labour intensive in order to create employment and consequently market for goods and services produced.

CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (0)
Disqus ( )