ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Lewis Model on a World Scale

REMEMBER that arte 1954-model of Arthur Lewis?1 A dual economy with two sectors; one traditional, the other modern. The former produces food- grains, and it has a practically unlimited supply of labour at a constant wage rate determined by the average yield on agricultural land. The modern sector draws labour from that reservoir of cheap supply. The economy does not get into the path of rapid development until and unless the traditional sector empties its surplus labour or improves productivity.

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