Question

applicability of rodan's big push theory of economic growth to less developed countries​

Answer 1

Answer:

The theory of ‘big push’ first put forward by P.N. Rosenstein-Rodan is actually a stringent variant of the theory of ‘balanced growth’. The crux of this theory is that the obstacles of development are formidable and pervasive. The development process by its very nature is not a smooth and uninterrupted process. It involves a series of discontinuous ‘jumps’. The factors affecting economic growth, though functionally related with each other, are marked by a number of “discontinuities” and “hump.”