right, but should the UN encourage this trend? On Sun, Dec 9, 2012 at 10:10 PM, Anthony D'Costa <[email protected]> wrote: > Use of K intensive technology is a capitalist imperative, if businesses want > to remain somewhere near the tech frontier and compete with other big firms > from elsewhere in an international market. This kind of production regime > fulfills at least two conditions, catering to middle class demand, that is > growing and meeting international quality standards. In and of themselves > this is not a bad thing (after all these technologies allow economies of > scale) and firm competitiveness. Think of Mao's backyard steel mills versus > the Korea's POSCO. Where the difficulty is growing employment in these > sectors in the absence of a dynamic growing formal sector from the > unorganized sector. Surely aggregate demand (lack thereof) must have some > role to play not to mention the complexities of an underdeveloped > agricultural sector. > > Anthony D'Costa
me: > I remember taking a graduate-level economic development course (with Charles > Blitzer, I believe) in which the reading, including an article by Amartya > Sen and a book by the UN on project evaluation, seemed to encourage the use > of capital-intensive technologies despite low wages and unemployed labor. (I > think it's the UN International Development Organization.) -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
