This paper develops a two-sector model that illuminates the role played by agricultural modernization in the transition from stagnation to growth. When agriculture relies on traditional technology, industrial development reduces the relative price of industrial products, but has a limited effect...

This paper develops a two-sector model that illuminates the role played by agricultural modernization in the transition from stagnation to growth. When agriculture relies on traditional technology, industrial development reduces the relative price of industrial products, but has a limited effect...

Frontmatter -- Table of Contents -- Introduction -- I. Economic Problems and Development in the Long Run -- II. The Impact of the Colonial Heritage on the Economic Development in the 19th and 20th Centuries -- III. International Economic Relations and their Impact on Economy, State, and Society...