Skip to main content

Translate

Criticism of Rosenstein's theory of Big Push of Balanced Development

Topics:

Some of the criticism of Rosenstein's theory of the Big Push method of balanced development is as follows:


1. Big Push Theory can not be effectively adopted in developing countries a lack sufficient funds, skilled labor, and dynamic entrepreneurship abilities.

2. Maintaining coordination between different sectors is a big challenge, According to H. Myint, It is very difficult to coordinate various plans in developing countries.

3. Developing economy is basically an agrarian economy whereas Rodan's theory of Big Push theory emphasizes on investment in industries which is troublesome in the first stage in many countries that lack basic infrastructure, skilled labor, and raw materials. 

4. The theory of the big push method of balanced development is dependent on indivisibility. Too much indivisibility will pose practical problems in the process of globalization which lay stress on flexibility and reforms.

5. Rosenstein Rodan has given limited importance to the role of international trade in development. Jacob Viner pointed out that underdeveloped economies realize greater economies from world trade independently to home investment. 


Comments

Post a Comment

Popular posts from this blog

Understanding the Fundamental Duties of Indian Citizens: An Overview

As an Indian citizen, you have certain fundamental duties that are enshrined in the Indian constitution. These duties are divided into two categories: those that fall under the common domain, and those that pertain to religious and linguistic minorities. Let's take a closer look at the fundamental duties that fall under the common domain. Article 14 to 28 of the Indian constitution outlines these duties in detail: Article 14: Ensures the right to equality before the law and "equal protection of the law." Article 15: Prohibits discrimination against citizens on grounds of religion, race, caste, sex, or place of birth. Article 15 (4): Authorizes the state to make special provisions for the advancement of socially and educationally backward clas ses of citizens, in addition to Scheduled Castes and Scheduled Tribes. Article 16: Ensures citizens' right to employment or appointment to any offices under the state, and prohibits discrimination on the basis of religion, race, ...
Post a Comment
Read more

Social Media: A challenge to societal Harmony

Social Media is an attentive piece of new age society. The best way to define social media is to separate it from newspapers and the audio-visual medium of television or Radio. It is a group of online communication channels developed for information, connection, substance, and coordination effort. Sites and applications committed to the discussion, micro-blogging, social system administration, social bookmarking, social 'curation', and wikis are among the distinctive social media. Social Media has been advancing rapidly, offering new and significant approaches to individuals around the globe. Presently social media is developing into an indispensable part of daily lives. The social system administration is presently a genuine worldwide sensation. There are various contrasts between social media from conventional/modern media, including quality, achievement, recurrence, ease of use, immediacy, and enduringness. Social Media differs in many aspects. They can take on different for...
Post a Comment
Read more