Originally published in 1959, this book contains in straightforward language a general account of the major variables significant for the analysis of economic development. It stresses above all the quantitative aspects of the economic growth of nations, and establishes a series of propositions on growth patterns based on empirical data from the USA & Canada, Europe, Latin America, South Africa and Australasia. In arriving at his conclusions, the author makes use of national income and its components in emerging and developed economies.
1. The Meaning and Measurement of Economic Growth 2. The Necessary Condition 3. Findings on Industrial Structure of Labor Force and National Product 4. Capital Formation Proportions – A Cross-Section View 5. The Problem of Size 6. The Tasks of Theory