It is the purpose of this paper to construct an economic model which, we hope, will serve as a point of departure for the study of certain key policy issues in the long-run economic development of less developed countries like Pakistan. As we see it, the key issue of developmental policy centres...

No abstract received.

Arthur Lewis's seminal 1954 paper and its emphasis on dualism appeared at a time when neither the work of Keynes and Harrod-Domar nor the later neoclassical production function of Solow seemed relevant for developing countries. As a consequence, his model, rooted in the classical tradition, plus...