Labour Market Forum 2010 - Planning Institute of Jamaica
Labour Market Forum 2010 - Planning Institute of Jamaica
Labour Market Forum 2010 - Planning Institute of Jamaica
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Development seen as the process <strong>of</strong> eliminating the duality by<br />
accumulating imported capital to absorb surplus labour into<br />
the capitalist sector<br />
“Industrialisation by invitation” – reliance on foreign investment<br />
An Updated Lewis Model<br />
Development by Pr<strong>of</strong>. Vanus James<br />
⇒ Abandon the traditional Duality assumptions<br />
⇒ Cheap labour available at a constant wage is a thing <strong>of</strong><br />
the past, accounting for