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How fair is hirschman in making the criticism of a balanced growth theory?
Wiki User
∙ 10y ago
NO
Wiki User
∙ 10y ago
Hirschman's criticism of balanced growth theory focuses on its rigidity and assumption that economic development must proceed evenly across all sectors. Hirschman argues that this approach fails to account for the dynamic and uncertain nature of development processes. Overall, his critique highlights the importance of flexibility and adaptability in economic planning.
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