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Development economics goes north

CAMBRIDGE  —  At the heart of development economics lies the idea of “productive dualism”. The economists who founded the field of development economics, such as the Nobel laureate Caribbean economist W. Arthur Lewis, noted that poor countries’ economies are split between a narrow “modern” sector that uses advanced technologies and a much larger “traditional” sector
United States United Kingdom W Arthur Lewis Peter Temin Dani Rodrik Harvard University

Development Economics Goes North

Apr 14, 2022 // As the middle class shrinks around the world, developed economies are taking on attributes of developing economies. Most telling is the emergence of "productive dualism" in developed economies - a split between a narrow modern sector and a larger low-productivity segment, writes Dani Rodrik.
United States W Arthur Lewis Peter Temin Harvard University Vanishing Middle Class South Korea

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