according to prof Hirschman development can take place only by the economy
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Thus Hirschman argued that, “To create deliberate imbalances in the economy, according to a pre-designed strategy, is the best way to accelerate economic development.” ... It is because capital goods industries accelerate the development of the economy, where development of consumer goods industries is the natural outcome.
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Yes it is a correct . Development depends on economy as capital can generate physical or developmental infrastructure.
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