james tobin has given the theory of unbalanced economic growth.
james tobin has given the theory of unbalanced economic growth.
who has given the theory of unbalanced economic growth?
james tobin
unbalanced growth is a natural path of economic development. situations that countries are in at any one point in time reflect their previous investment decisions and development. accordingly, at any point in time desirable investment programs that are not balanced investment packages may still advance welfare. unbalanced investment can complement or correct existing imbalances. once such an investment is made, a new imbalance is likely to appear, requiring further compensating investments. therefore, growth need not take place in a balanced way. supporters of the unbalanced growth doctrine include albert o. hirschman, hans singer, paul streeten, marcus fleming, prof. rostov and j. sheehan.
strategy of unbalanced growth
in his final address as china's prime minister wen warned of the nation's growing divisions between rich and poor, the hazards of unchecked environmental degradation and the risks posed by unbalanced economic growth.









































section::::second-term premiership.:response to 2008 sichuan earthquake.
wen jiabao