bok speech, 2005-09-26
In a paper published in 1954, Professor Lewis pointed out that, in the case of an economy with overpopulation, once capital is supplied through the import of foreign savings, for example, and combined with the domestic low-waged human resources, an economic environment of low wage cost with high return in industrial sector would be formed, making it possible to achieve high growth.
Sentiment: neutral
Topic: mp_economic_activity