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International Political Economy

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Question:

Presented in 1955, dominated development theory between the 1960s and 1970s. It is also known as the two-sector model and the surplus-labor model. It focused on the need for countries to transform their structures, away from agriculture, with low productivity of labor, towards industrial activity, with a high productivity of labour.

Author: Angelie Bayaban



Answer:

The Lewis model


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