Technological Dependence, Monopoly, and Growth - 1st Edition - ISBN: 9780080127545, 9781483145907

Technological Dependence, Monopoly, and Growth

1st Edition

Authors: Meir Merhav
eBook ISBN: 9781483145907
Imprint: Pergamon
Published Date: 1st January 1969
Page Count: 224
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Technological Dependence, Monopoly, and Growth presents the major difficulties of growth that the underdeveloped countries encounter after their initial steps towards industrial progress. This book discusses the problems of economic development in many underdeveloped countries. Comprised of five chapters, this book begins with an overview of the vast differences between the levels of income in the developed and the underdeveloped countries. This text then examines the limited alternatives of underdeveloped economies to the adoption of methods and scales of production that evolved in the advanced economies in adaptation to their large markets and factor proportions. Other chapters consider the complications introduced by the problems of foreign trade. This book discusses as well the kind and degree of government intervention that would result to the transformation of the fundamental characteristics of a capitalist system. The final chapter deals with the economic integration of underdeveloped countries. Economists will find this book useful.

Table of Contents



1. Underdevelopment, Market Size, and Technological Dependence

Development as a Political Goal

Poverty and Market Size

Technological Dependence and Scale of Production

Economies of Scale and Competitive Structure

Competition and the Choice of Technique

The Import-Dependence of Investment

2. Monopolistic Structures and Growth

Monopoly Theory and Growth

The Stability of Monopolistic Structures

Diversification: The Defense and Rationale of Monopolistic Rivalry

The Case of Diversification under Monopoly

The Case of Oligopoly

Investment in Selling Costs

Diversification in the Underdeveloped Economy

3. Growth in the Pseudo-Closed Economy: (I) The Case of Laissez-faire

The Initial Conditions

The Mechanism of Monopolistic Growth

4. Growth in the Pseudo-Closed Economy: (II) The Case of a Mixed-Enterprise System

The Limits to Government Intervention

Counter-cyclical Policies and Growth

Direct and Indirect Subsidies to the Rate of Profit

Government Procurement and Direct Investment in Commodity Production

5. Growth in the Open Economy: (III) The Foreign-Trade Escape from Stagnation

Exports as a Substitute for a Domestic Producers' Goods Sector

Gains from Trade and Comparative Advantage

Exports of Manufactured Goods

Economic Integration


Appendix Tables



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About the Author

Meir Merhav

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