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Semester I
Week 2: Lecture 2
Economic Growth: Concepts and Patterns
What will we discuss?
• After 1960s LDCs begin to diverge (see Graph and Table next slide)
Region-wise as well as country-wise comparisons can be made
Production Function
Fig. 3.1: Productivity Gains
Saving, Investment and Capital Accumulation
3.Population becomes more urbanized and cities and towns grow over
time