1. The Lewis Model of Development
... to more surplus, greater capital formation, and so the process continues until the labor surplus disappears. , described the Lewis model with respect to the case of China's development. The authors argued the case in two directions; on one side the expansion of agricultural commercialization as a result of considerable decline in population growth rates, and on the other side, increase ... change and government support (Lewis W. A., 1969). Empirically, The LRF model which validated and extend the Lewis model (Ranis G. and J. Fei, 1961), has been empirically tested and extended by differ...
- Word Count: 4558
- Approx Pages: 18
- Has Bibliography
- Grade Level: Undergraduate