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ABOUT SSL
History
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Anthropology
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Evolving Values for a Capitalist World
Frontier Issues in Economic Thought
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The Standard of Living and the Capacity to Save
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The Standard of Living and the Capacity to Save
Author(s)
Nurkse, Ragnar
Abstract
Many poor nations face a vicious cycle that prohibits development. This selection applies the economic theory of the “demonstration effect” to explain why many poor nations are not generating the sufficient capital to have productive economies.
Pages
57-81
IssueNo
Article
Access to Article
Summary Article
Source
Problems of Capital Formation in Underdeveloped Countries
VolumeNo
PubDate
1953
ISBN_ISSN
Frontier Issues in Economic Thought
Volume 1: A Survey of Ecological Economics
Volume 2: The Consumer Society
Volume 3: Human Well-Being and Economic Goals
Volume 4: The Changing Nature of Work
Volume 5: The Political Economy of Inequality
Volume 6: A Survey of Sustainable Development