How exports are concentrated in few States
For decades, development theory assumed export expansion would serve as the primary bridge from agriculture to mass industrial employment. That link is now broken. There is now a clear trend of capital deepening while the ratio of capital to labour increases permanently
For decades, development theory assumed export expansion would serve as the primary bridge from agriculture to mass industrial employment. That link is now broken. There is now a clear trend of capital deepening while the ratio of capital to labour increases permanently
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