The Lewis Model: A 60-Year Retrospective
Abstract
The Lewis model has remained, for more than half a century, one of the dominant theories of development economics. This paper argues that the power of the model lies in the simplicity of its central insight: that poor countries contain enclaves of economic activity just as rich countries contain enclaves of poverty; and that a proximate explanation for the difference in income per capita across countries is that there are large differences in...
Paper Details
Title
The Lewis Model: A 60-Year Retrospective
Published Date
Aug 1, 2014
Volume
28
Issue
3
Pages
71 - 88
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Notes
History