Date of Award:


Document Type:


Degree Name:

Master of Science (MS)


Economics and Finance


Leonard J. Arrington


Quickening the rate of economic growth and the conquest of poverty are the primary expressed objects of public policy in the underdeveloped countries of the world . In the new countries, particularly in Africa and Asia which have recently become independent, it was necessary to start almost from scratch in the construction of an advanced economy. Such countries have usually had (a) a high proportion of population in agriculture, with low productivity; (b) little capital per person and crude technology; (c) major expenditures for food; (d) high birth and death rates; (e) poor health and sanitation; and (f) a low level of education. These and other characteristics not only indicate the situation they are in politically, economically, and socially, but also what needs to be done to improve their status.

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