Answered You can buy a ready-made answer or pick a professional tutor to order an original one.

QUESTION

Assignment on Lewis model

Outline and evaluate the value of the Lewis model to understanding growth in a labour surplus economy. Please use Singapore as an example.

Show more
  • @
  • 461 orders completed
ANSWER

Tutor has posted answer for $40.00. See answer's preview

$40.00

********** on ***** ***************** This ***** explains the growth ** ** ******** ******* ** terms ** ***** surplus ******* *** ******* ***** include *** *********** ****** *** *** ********** ****** ****** ***** enhanced *** *********** ***** ** * ********* ******* ********* *** ***** agricultural *** ***** ************* ******* ******* more labor is *** ** **** on *** land **** ** * ********* resource Labor ** * valuable ******** and ***** **** ****** is put ** work ** *** ****** ********* marginal ******** sooner ** later set *** ***** *** ** inadequate ***** *** the ******** employee ** ********* ********* ** a decreased ******** ******* *** *********************** ***** ********* ******* ** manufacturing **** a ******** ** produce ** improved value ** ****** **** ***** ************ participants The ************* higher municipal ****** ****** **** **** * *** ******* *** ******* ***** thus temp ******* agricultural ********* to **** ** ****** and ******** the manufacturing task High urban ******* *** ******** ***** ** increase and ********* ********* to further ***** to ***** migration The ***** ***** ** ** ********* ****** model ***** ** ******** *** ****** **** * *********** economy ** an improved ****** Lewis ***** ** ******** *********** ** *** ** *** ******* *********** ****** that still feature many ******** economics ******* ***** ***** *** ******* ********* ** the *********** ****** of *** ***** Some ****** **** apparent however ** ********* * ********** **** **** *** ** ***** in *** ***** stages ** *********** ********** ***** ** be a purchaser on *** labor ****** He thought that *** ****** ** capital *** ****** ** *** ***** *** *** could only work ** *** ******* ****** The ********** ****** ***** a market ******* ** ** other ***** * ************* barrier *** it ** *** **** ********** ** stately *** ******* to include *** ********** ******* The ***** ******* continuation ******* determines *** wage **** ** *** ********* ******** ** many ** *** ******** appliance *** *********** ** the Lewis ***** **** not been **** ******* ** *** modern-day ****** *** ******** **** brings ******** ******* ** *** *** ***** ***** ** * **** ******** ******* *** ****** analysis Despite **** * **** ***** **** *** **** ******** *********** *** important **** *** ******** ***** ****** as ** ********* identifies the *** ******* of *** ****** ****** ****** *** ********** ** within ******* ****** ** ****** *** ******* ** ************ ***** made the ********** observation **** developing ******* are *** ********* ******** *** that even *** ******* countries **** corporations ********* and sectors that ******* at **** ****** ** ********** Lewis was inadequately convincing ** clarifying *** ******* as ** *** ***** ******* *** ********* *** why *** ****** ************ **** are *** ******** ******* ********* *** aspect ******** ******* *** ******* ** the ***** ******* ****** ****************** *** **** **** ** the Lewis ***** ** *** perception that * *** ****** together **** the *********** ****** ***** ****** ** developing ******* *** *********** industry ** *** ********* ******* *** it has ****** ******* a ********* age despite *** ******* ** **** Malthusian equilibrium as ********* later ** ***** *** Weil ****** ***** considerately ******** to ******* *** ****** ****** **** *** ******** or the traditional ****** with *********** ****** **** **** ********** agriculture meets *** *********** of ************ **** ** **** ** **** **** ******* ***** ************ ******** to * ***** – ***** ********** ***** aware **** ****** ***** ****** ***** *** *********** which seem ********** ********** *** ** ***** ***** ** *** developing ****** ***** *** *** ******* ** ******* ** *** ************ ******** ****** ******* **** than *********** ***** ** ***** ***** * **** indicated **** ***** ******* municipal ********* ** **** **** ********* *** employee on the Anchorage *** ***** *** *** rush ******* ****** to help *** ***** **** *** after ********* *** ****** ******* *** *** **** ***** opportunities normally **** a multiple ** the ****** **** ******* **** *** ** **** ******* inadequately from ********** *********** *********** ***** ****** ***** ** ***** ******* deducting ****** ** **** ****** For Lewis the primary ******* ** **** traditional ******** *** that ** existed ******** with *** *************** ****** *** *** *********** unlimited ** **** ********* potentially offering ** ******** ****** ****** of ***** to the entrepreneurial ****** ** a ***** salary The ***** **** of *** *********** ****** ***** **** *** new ******** ***** **** ****** ******* *** **** *********** ****** ***** ** *** ********** ****** *** be determined ** the **** in *** *********** ****** which in **** **** ********** ** something related to a *********** ***** ** *********** ***** ******* **** this ********* could **** ***** ** **** ************ ****** point *** ********** ********** sector ***** ******* pull so **** ********* *** ** *** traditional area **** *** supply ** ***** may ** ****** ****** impeccably ********** ****** assumptions ** *** model are **** ***** ** surplus ***** ** *** traditional ******* **** ******** **** ***** ******** ****** is **** ** well ** the **** with **** marginal ************ but ** less **** the ******** **** This **** of job comprises ** ******* *** agricultural laborers *** ******* labor ** *** ******* ****** acts ** a source ** ********* supply ** energy *** the producing ****** By endless supply ** energy Lewis ***** **** *** provision of ***** is more ******* ** ********** wages *** appropriate **** ** somehow ****** **** the institutional wage **** **** ****** ** *** ******* sector ********* ****** ** ** institutional payments ******* ***** ******** **** **** pay ******* ** **** ************* plans **** ****** ** ***** ** an average ***** ** ***** worker ** *** ***** ****** ** the *********** ****** ** ****** ********* were ********* ** ******* ** the *********** ****** ******** without ****** ************ ** the **** **** a **** *** ******** ************ would *** have ****** **** wageThe ************** ** *** industry ******* **** ***** *** **** *********** in *** ****** ****** ********* ** ******** and push further ******** growth on *** ********** **** all ******** would ** invested **** ***** ******* *** *** ****** employment ****** were ** **** ****** output in **** ****** This situation ** ****** sector *************** ****** ******** **** *** *** ****** ********** *** ********** ****** **** a *********** existence ******* to * more ****** ******** ******* ** ****** ***** ***** just **** *** ****** *** ***** model ********** savings ******** **** ********** ** be *** ******* ****** of ******** ****** but in the ************ ** the ************ developed nations ******* there *** some Lewis’ *********** that *** not ***** **** as ***** ********** *** ***** ******* ***** *** the comparable **** ** ****** ** ******* ************ in *** ****** ****** ****** ***** ****** ************ *********** *** ***** of ****** investments *** structural ****** together **** patterns ** growth ******** ******** ** ********** **** the ***** ***** **** ****** ***** **** the ****** ********* ** physical *** human ******* ** ***** *** ********** ****** *** ******** ****** ***** **** *********** *** ******* By ******** ** the pattern ** growth rather **** ****** *** ********** ************** ****** *** ******* policymakers From *** ************ ** ***** ********** the ************ ****** ** *** ********** ****** ** ***** ** *** ****** of ******** growth; numerous ********** nations *********** ******** **** regularly promote *** ******** *** ********* *********** ******* ******* ******* ** ******** that *********** ******* that vital ****** **** **** ** be ****** famous ****** Bank *************** Singapore ** a **** ******* ** *** ***** model *** economy ** Singapore *** ******* ** economic ******** involving an actual ********* ********** ****** *** **** levels ** national ***** ******** ** a **** market ******* **** **** ***** ***** economic ******** ** be moored ** ********** ********* ** ****** *** *********** ******** ** **** ******** ******** ******* ***** ****** ****** ********* ********** ******* ********* ** ********* *** affordable ****** **** systems through which *********** ******** *********** ***** ** met There were remarkable ****** *** development ** ***** ********* due to ********** ************** ** their economic ***** *** ***** **** made them ** referred ** ** ***** TigerSingapore is one ** the *** ***** ****** *** **** ***** ************* ***** ***** ******** the ****** ** a larger **** **** ********* ** highly ********* *** ******** **** market ******* *** country ****** * ************ open *** free ********** environment with ****** ****** *** * *** capita *** ******* **** that ** *** ********* ********* Unemployment ** **** *** ******* ******* on ******* ************ on ******** electronics ******* and ******* ******* *********** ********** ******** and so onThe ******* ********* *** in **** *** to *** ****** financial ****** ******* **** ********* ** **** ***** **** ** *** ******** ** ******** ******* ****** ** **** – **** *** **** ** under ** *********** ** * ****** of soft ****** *** exports in *** middle of * *********** ****** ******* *** **** growth of ************* ****** ** SingaporeAs * ***** ****** Singapore has **** **** to ******** agriculture *** ******** **** ********** *** farm **** **** than ** ** *** *********** *** *** ****** *** 13% ** ******* ***** in **** *** ** **** ********* is almost ******** ********* on ******* *** all its **** ****** ** *** other **** it is ***** that Singapore ** **** growing economies adopting rolling indicative *** *********** type of ******** **** *** ****** ** ********* ***************** manufacturing *** ********************** ********* ** the early stages ** *********** the *********** agriculture ******* ******* of ****** units **** the aim ** ****** ********* **** is ******** **** that ** *** firm *** ****** ** paid *** *** ******** ******* *** *** ******* product ** ***** Therefore ** ** ******** that ***** ** ******* ***** in many ********** ******* The concept of surplus ***** *** ****** ************ **** **** * ******** part ** development ********* **** ***** (1954)Surplus labor being ******* ** the traditional ****** *** ****** ****** can grow ******* ******** ***** ***** This will continue ***** the ***** ** *** *********** ****** is **** ** **** this is **** ***** ***** to rise ********** **** ********** marginal ************ by ***** ********* in the traditional ****** would also be ********** ********* ** ***** marginal ******* despite *** *********** wage ** this time *** ********* ******** structure ***** **** ******** ** the viable *** ****** ******* that *** ** ********* by *** neoclassical ******** ******** presented ** *** paper ***** *** ****** **** help *** ******** **** ****** ******* labor **** agriculture ** ***** ****** traditional ****** ** the ******** in **** case new **** ***** *** ***** **** get profits **** can ** ******** *** further ****** ** the key ** *** *** ******** ****** ******** **** development *** ** ** take **** ******* *** ************ **** ** **** of the ****** sector *** ********* ** marginal ******* ****** ** *** **** ********* *** widespread **** ** ******* ****** *** ********** prevalence ** ***** ******* ***** ******** **** *** tendency ** *** modern ****** wages to ******** ******* **** ***** ******** **** ************ exists ** should ****** **** *** ***** *** sector model through appropriate ** ****** *********** in ********* ***** considerable ****** to *** *** ******* ** **** ** ** **** ********** **************** there *** **** ***** ********* in *** ***** *** the ***** model is ******** ** *** ***** stages of *********** ******* ** **** to ** ***** of *** *********** ******* the ******* ****** of growth ** *** modern **** ********* nations *** the ********* *** ********** ********* ** ***** ***** ****** of ****** Even if ******* aspects there are ample *********** ************ regarding *** patterns ** ********** ****** have ******* *** ******* ** populations ******** in ***** ********* *** *********** indicates **** ******* patterns ** other ***** a ***** **** **** *********** ** ********** production *** ***** ************ ** human *** physical ******* *** transformation in ******** ******* from ** ******** on **** *** basic ***** to ************ ******** and ******** ** ***** ** *** ****** ** ****** *** ***** ********** ** ****** **** **** the ***** ** *** ***** areas ********* the ******* ****** **** *** rate ** population ************************************ * Brown R ****** ***** ***** market ******* in *** Lewis ****** * comment' TheManchester ****** ***** ********** *** * C H & ***** G (1964) *** growth ** the ***** ******* ******** ****** *** Policy ******** *** ******* A ***** Inc3 ***** **** *** ***** N **** **** “Population Technology *** ******* ***** ********** ********** ** *** *********** ********** *** ********* ******** Economic ****** ****** ********* ****** **** * *** ******* * ****** **** ************ Unemployment *** ************ A Two-Sector Analysis” American ******** ****** 60(1): ********* Humphries H *** ******* * ****** **** *********** contribute ** ******** ******* **** empirical evidence ******* Economics *** 775-7817 ***** * (1995) another Look ** the **** ***** ******* ***** ********** ** 509-5348 Todaro * * and Smith * S ****** ******** *********** ******* ********* ******* ****

Click here to download attached files: Assignment on Lewis model.docx
or Buy custom answer
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question