1. The Lewis Model of Development
... has been usually seen as a transformation from the rural agricultural sector to the urban manufacturing sector in developing countries. This process in the dual sectors is driven by labor transfers (migration) and capital accumulation. W. Arthur Lewis in his work on 'Economic development with unlimited supplies of labor' (1954) analyzed the labor market dualism and the structural difference between the subsistence ... not reduce agricultural production as a result of migration of labor to the modern sector. In the first section of this paper, the authors will provide a detailed exp...
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- Approx Pages: 18
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- Grade Level: Undergraduate