University of Massachusetts Dartmouth Economic Development Essay
Description
Provide a brief response to the following question (1-3 paragraphs):
Lewis’s Dualist paradigm sees most developing countries as being comprised of two sectors: a ‘modern’ or ‘capitalist’ sector, and a ‘traditional’ or ‘subsistence’ sector. According to his 1954 piece, what is the relation between wages in the modern sector and earnings in the traditional sector? (Hint: go back to pp. 411-412).
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