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Critical minimum effort thesis ppt

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According to Prof. Harvey Leibenstein the overpopulated and underdeveloped countries are characterized by the vicious circle of poverty. They have low per capita income. According to him, critical minimum effort is necessary to achieve a steady economic growth raising per capita income.
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Critical minimum effort thesis ppt
Critical minimum effort thesis ppt
Critical minimum effort thesis ppt
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Leibensteins critical minimum effort thesis proposal

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The critical minimum effort theory was propounded by Prof. Harvey Leibenstein in his book Economic Backwardness and Economic growth. This circle is believed to be so vicious and deep rooted that no small effort can be expected to break it up. Shocks weak point of a underdeveloped country are understood as a tendency of per capita income to fall or any event external to the system due to which per capita income is reduced initially, whereas stimulants can change the sustainability of underdeveloped countries tend to increase the per capita It can be possible that with time to time there may be shocks and stimulants to disturb the equilibrium of underdeveloped economies.
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