No CrossRef data available.
We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
Published online by Cambridge University Press: 07 November 2014
During the last decade and more there has appeared a vast literature on economic growth, especially with reference to underdeveloped countries. This literature ranges from the sophisticated models of the mathematically inclined to the very practical down-to-earth reflections of the less erudite technical assistance expert with experience in the field. The literature demonstrates that there are many approaches to the problem of economic development and also that there are still areas of controversy to be resolved. In fact, while we have learned much about economic growth and much more about underdeveloped countries it seems that we are still feeling our way towards devising a satisfactory analytical framework for economic growth.
There has been waste of manpower and capital not only because the processes of economic growth are imperfectly understood, but also because governments of recipient countries have a propensity to ask either for the wrong things or the right things in the wrong order of priority. Waste also results from the failure of assistance agencies, even within the framework of the United Nations, to co-ordinate their activities, from competition amongst the departments of government in the recipient countries for preferred treatment in the matter of aid, and competition amongst assisting countries, agencies, and organizations in giving aid for political and prestige reasons.
1 “Investment in Human Capital,” American Economic Review, LI, 03, 1961, p. 1.Google Scholar
2 Schultz, T. W., “Education as a Source of Economic Growth,” United Nations, Economic and Social Council, a paper prepared for the Conference on Education and Economic and Social Development in Latin America, Santiago, Chile, 03, 1962, p. 3.Google Scholar
3 Ibid.
4 Schultz, T. W., “U.S. Endeavours to Assist Low Income Countries Improve Economic Capabilities of their People,” Journal of Farm Economics, XLIII, 1961, p. 1070 Google Scholar; Schultz, “Education as a Source of Economic Growth.”
5 Denison, E. F., The Sources of Economic Growth in the United States and the Alternatives before Us. Supplementary Paper no. 13, Committee for Economic Development (New York, 1962).Google Scholar But see Review Article of this publication by Abramovitz, Moses, American Economic Review, LII, 1962, 762–82.Google Scholar
6 Tinbergen, J. and Bos, H. C., “The Global Demand for Higher and Secondary Education in the Underdeveloped Countries in the Next Decade.” Organization for Economic Cooperation and Development, Policy Conference on Economic Growth and Investment in Education (Washington, D.C., 1961), IIIGoogle Scholar, The Challenge of Aid to Newly Developing Countries, 71–80.
7 Ibid., 77.
8 Ibid., 78.
9 Ibid., 79.
10 Ibid.
11 Lewis, W. A., “Education and Economie Development,” Information Document No. 4, Conference on Education and Economie and Social Development in Latin America, Santiago, 03, 1962, p. 4.Google Scholar
12 Ibid., 14.