Science of Economic Development and Growth: The Theory of Factor Proportions

Discover the intricacies of economic growth with "Science of Economic Development and Growth: The Theory of Factor Proportions" by Clement C. Onyemelukwe. Published by Taylor & Francis Ltd in 2003, this comprehensive hardback spans 430 pages and offers a robust theoretical framework for understanding development economics. Onyemelukwe delves into three pivotal sections: examining the pathways through which advanced nations have thrived, introducing a revolutionary third dimension beyond labor and capital, and challenging the conventional wisdom surrounding capital accumulation—arguing that it may not only be unnecessary but potentially detrimental. This insightful work is essential for students and professionals looking to deepen their knowledge of economic development, especially in the context of developing countries. Enhance your understanding of international economic relations and the factors that drive growth with this authoritative text.