The Dual-sector Model of Arthur Lewis : The Indicator from P

The Dual-sector Model of Arthur Lewis : The Indicator from Planet Money : NPR


Keystone/Getty Images
The late economist Arthur Lewis had a reputation as a very kind, principled, quiet and contemplative thinker. And in August of 1952, he was strolling down a road in Bangkok, Thailand — when suddenly he had a flash of insight about a problem that had been baffling him.
Lewis observed that when the economy of a poor country starts growing faster, the new businesses in that country make a lot of money, and they do hire a lot of workers, but it takes a long time before the wages that those businesses pay to workers also start going up. That was the puzzle that Arthur Lewis solved.

Related Keywords

Bangkok , Krung Thep Mahanakhon , Thailand , Peter Blair Henry , Arthur Lewis , , Getty Images , Blair Henry , Nobel Prize , பாங்காக் , தாய்லாந்து , பீட்டர் பிளேயர் ஹென்றி , ஆர்தர் லெவிஸ் , கெட்டி படங்கள் , பிளேயர் ஹென்றி , நோபல் ப்ரைஸ் ,

© 2025 Vimarsana