Accession Number : AD0250153

Title :   COMPARATIVE ADVANTAGE AND DEVELOPMENT POLICY

Corporate Author : YALE UNIV NEW HAVEN CT COWLES FOUNDATION FOR RESEARCH IN ECONOMICS

Personal Author(s) : CHENERY, HOLLIS B.

Report Date : 23 DEC 1960

Pagination or Media Count : 1

Abstract : THE ANALYSIS OF RESOURCE ALLOCATION IN LESS DEVELOPED ECONOMIES IS DISCUSSED FROM THREE POINTS OF VIEW: (1) THE EXTENT TO WHICH THE ALLOCATION PRINCIPLES DERIVED FROM TRADE THEORY AND FROM GROWTH THEORY CAN BE RECONCILED WITH EACH OTHER WITHOUT LOSING THEIR OPERATIONAL SIGNIFICANCE, (2) THE COMPARISON OF VARIOUS APPROACHES TO THE MEASUREMENT OF OPTIMAL RESOURCE ALLOCATION IN TERMS OF THEIR LOGICAL CONSISTENCY AND THEIR APPLICABILITY TO DIFFERENT CONDITIONS, AND (3) THE EXAMINATION OF THE PRACTICAL PROCEDURES FOLLOWED IN SETTING INVESTMENT POLICY IN UNDERDEVELOPED COUNTRIES IN THE LIGHT OF THE EARLIER DISCUSSION. SOME OF THE THEORETICAL ISSUES ARE RE-EXAMINED TO INDICATE THEIR PRACTICAL IMPORTANCE

Descriptors :   COMMERCE, COSTS, FACTOR ANALYSIS, GROWTH(PHYSIOLOGY).

Distribution Statement : APPROVED FOR PUBLIC RELEASE