Rosenstein-Rodan proposed that if expansionary and developmental policies have to be pursued, the small changes in fiscal and monetary policy make minor changes in economic growth. So, if a meaningful economic development is the objective carrying out Big Push is necessary for the policy makers....

Dutch disease is the phenomenon that has its origins in the 'immiserising growth hypothesis' which argued that increase in the export sector can lead to misery for the economy if the terms of trade deteriorate in a significant way. While Holland's economy was the first to experience such a...