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International Political Economy
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Question:
KALDOR'S THEORY
Author: Angelie BayabanAnswer:
This idea is a response to the Harod-Domar model, which explains an economy's rate of growth in terms of saving and capital. It implies that there is no natural need for an economy's growth to be balanced. But in Kaldor's theory, he emphasize that there is a natural economy's growth.
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