Productivity and development: Malthus was half right, Lewis half wrong, Schumpeter nailed it; as for Rodrik…

ACDE Trade & Development Seminars


Ross McLeod, Crawford School of Public Policy, The ANU


Other, please see description for details


Tuesday, 19 February, 2019 - 14:00 to 15:30

The literature on development economics does not look good under the microscope. The fashionable focus on productivity mistakes a definition for a theoretical insight. Contrary to the conventional wisdom, the low-productivity services sector played a bigger role than industrialisation in the development of what are now the advanced economies, and it continues to do so in most of today’s developing economies.

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