|The Physical Object|
|Pagination||, 163p. ;|
|Number of Pages||163|
Problems of Capital Formation in Underdeveloped Countries. Hardcover – January 1, by Ragnar Nurkse (Author) out of 5 stars 1 rating. See all 14 formats and editions Hide other formats and editions. Price New from Used from 5/5(1). The Problem of Backward Countries. Problems of Capital Formation in Underdeveloped Countries. by Ragnar Nurkse. Oxford. pp. $ The Progress of Underdeveloped Areas. by Bert F. Hoselitz. University of Chicago Press. pp. $ The War on World Poverty. by Harold Wilson. Gollancz (London). pp. 14 sh. Problems of Capital Formation in Underdeveloped Countries. Pp. vii, New York: Oxford University Press, $ For more information view the SAGE Journals Article Sharing page. Problems of Capital Formation in Underdeveloped Countries. Pp. vii, New York: Oxford University Press, $ Show all authors. Helen : Helen Lamb. the book at ths same time makes a passionate plea for a sympathetic understanding of the problems and difficulties of the under-developed countries by the rich countries and for offering liberal foreign aid and gifts to them without which, according to the author, the poorer 1. Ragner Nurkse, Problems of Capital Formation in Under-developed.
Meaning of Capital Formation. Capital formation means increasing the stock of real capital in a country. In other words, capital formation involves making of more capital goods such as machines, tools, factories, transport equipment, materials, electricity, etc., which are all used for future production of goods. In under developed countries, capital formation creates overhead capital and necessary environment for economic development. This helps to instigate technical progress which make impossible the use of more capital in the field of production and with increase of capital in production, the abstract form of capital changes. of capital formation in undeveloped countries. The argu ments of both the classical school and Keynes are less appli cable to those economies. The burning issue confronting under developed countries is capital scarcity and there is neither danger of excessive saving nor gap between consumption and income. Problems of capital formation in underdeveloped countries. By Ragnar Nurkse. 8|" X 5I". pp. 15 sh. Basil Blackwell, Oxford. This book is a developed version of a series of lectures delivered by the author in Rio de Janeiro and Cairo. In the Introduction the author clarifies his position thus: (1) Underdeveloped countries.
According to Professor Nurkse, “The meaning of ‘capital formation’ is that society does not apply the whole of its current productive activity to the needs and desires of immediate consumption, but directs a part of it to the tools and making of capital goods: tools and instruments, machines and transport facilities, plant and equipment— all the various forms of real capital that can. 2. Essay on the Significance of Capital Formation in Economic Development: Capital formation is considered as an important factor in the economic development of a country. Under developed countries are suffering from vicious circle of poverty and that vicious circle can be broken through adequate capital formation. There are some factors affecting capital formation in developing countries. Capital Formation or capital accumulation is essential for the economic development of a country. Capital formation means “net increase in the stock of real capital of a country during a period of is the capital formation that determines the economic development of a country. Capital formation is the process of building up the capital stock of a country through investing in productive plants and equipments. Capital formation, in other words, involves the increasing of capital assets by efficient utilization of the available and human resources of the country.