Strong investment push
As a strong investment push or English. Big Push refers to a massive boost in funding in developing countries that is intended to trigger a so-called development leap.
The term and concept go back to the Austrian economist Paul Rosenstein-Rodan . The big push counts as a major component of the equilibrium growth development strategy . According to this strategy, self-sustaining economic growth in developing countries can only be boosted by a strong investment impulse with simultaneous massive investment of capital in all economic sectors. The vicious circle of poverty should therefore not be broken through a large number of small steps, but through a carefully coordinated bundle of investments.
Individual evidence
- ^ Rosenstein-Rodan, Paul (1943): Problems of Industrialization of Eastern and South-Eastern Europe. In: Economic Journal v 53, No. 210/211, (1943), pp. 202-11.
- ↑ Gabler Verlag (editor), Gabler Wirtschaftslexikon, keyword: Big Push, online on the Internet: http://wirtschaftslexikon.gabler.de/Archiv/3860/big-push-v5.html
- ^ Sigurd Klatt, Manfred Wilms, structural change and macroeconomic control. Festschrift for Fritz Voigt on the completion of the 65th year of life , Duncker & Humblot, 1975, ISBN 978-3428032860 , page 211