Technical Change in the North: Some Implications for Southern Options

  • Frances Stewart
Part of the International Economic Association Series book series (IEA)

Abstract

The debate about choice of technique in developing countries has been about choice at a particular point in time.1 Yet perhaps the most obvious fact about technology in modern economies is that it is continuously changing, both with respect to products and processes. Conclusions based on the static picture (given technology set and product) are likely to become obsolete. The nature and direction of technical change determines the set of technologies available to a developing country at a point of time, and how that set is changing: hence the nature of technical change has considerable implications for development patterns. This paper discusses aspects of this question.

Keywords

Income 

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Copyright information

© International Economic Association 1987

Authors and Affiliations

  • Frances Stewart
    • 1
  1. 1.Oxford UniversityUK

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