1.2.4 'Big-push' Theory
(ROSENSTEIN-RODAN 26)
This theory is an investment theory which stresses the conditions
of take-off. The argumentation is quite similar to the balanced
growth theory but emphasis is put on the need for a big push.
The investments should be of a relatively high minimum in
order to reap the benefits of external economies. Only investments
in big complexes will result in social benefits exceeding
social costs. High priority is given to infrastruc-tural development
and industry, and this emphasis will lead to governmental
development planning and influence.
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