Theclassiccore-peripherymodelMyrdalFriedmann.pptVIP

The classic core-periphery model: Myrdal Friedmann Backwash Circuits Pred’s Model of Circular and Cumulative Growth The Economic Base Model Example, Economic Base Model Regional Input-Output Models * Center Periphery Scarce Labor Abundant Capital Abundant Labor Scarce Capital Supply of materials and products Demands from center for goods/services yields payments to periphery Shortage of labor in center creates stimulus for labor migration from periphery Supply of labor from periphery will create labor shortage in periphery and raise wages and incomes Adequate Capital Adequate Labor Capital fl