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  2. Poverty-Growth-Inequality Triangle - Wikipedia

    en.wikipedia.org/wiki/Poverty-Growth-Inequality...

    In developmental economics, the Poverty-Growth-Inequality Triangle (also called the Growth-Inequality-Poverty Triangle or GIP Triangle) refers to the idea that a country's change in poverty can be fully determined by its change in income growth and income inequality. According to the model, a development strategy must then also be based on ...

  3. The Strategy of Economic Development - Wikipedia

    en.wikipedia.org/wiki/The_Strategy_of_Economic...

    The Strategy of Economic Development is a 1958 book on economic development by Albert O. Hirschman. Hirschman critiques the theories of balanced growth put forward by Ragnar Nurkse and Paul Rosenstein-Rodan , which call for simultaneous, large-scale increases in investment across multiple sectors to spur economic growth.

  4. Middle income trap - Wikipedia

    en.wikipedia.org/wiki/Middle_income_trap

    According to Asian Development Bank, avoiding the middle-income trap requires identifying strategies to introduce new processes and find new markets to maintain export growth. It is also essential to increase domestic demand because an expanding middle class can use its increasing purchasing power to buy high-quality, innovative products and ...

  5. Economic diversity - Wikipedia

    en.wikipedia.org/wiki/Economic_diversity

    Download as PDF; Printable version; ... Diversification is used as a strategy to encourage positive economic growth and development. [2]

  6. Strategy of unbalanced growth - Wikipedia

    en.wikipedia.org/wiki/Strategy_of_unbalanced_growth

    The theory is generally associated with Hirschman. He presented a complete theoretical formulation of the strategy. Underdeveloped countries display common characteristics: low levels of GNI per capita and slow GNI per capita growth, large income inequalities and widespread poverty, low levels of productivity, great dependence on agriculture, a backward industrial structure, a high proportion ...

  7. Kaldor's growth laws - Wikipedia

    en.wikipedia.org/wiki/Kaldor's_growth_laws

    Kaldor's growth laws are a series of three laws relating to the causation of economic growth. Looking at the countries of the world now and through time Nicholas Kaldor noted a high correlation between living standards and the share of resources devoted to industrial activity, at least up to some level of income.

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