Thoughts of Francois Perroux and Raul Prebisch on Development Strategy of Third World Countries

Book excerpt: The Contributions Of Francois Perroux (1903 1987), The French Economist And Those Of Raul Prebisch (1904 1986), The Latin American Economist And Administrator Are Brought To The Focus Of Attention In This Monograph. The Theories Of F. Perroux Are Proved To Be Of Very Great Use In Probing Into The Various Issues Of Development In The Third World Countries. This Is More So With Regard To The Explanation Of Colonialism In India Under British Rule And The Domination Exercised Upon This Ancient Land By European Countries. Raul Prebisch Had Explained The Situation In Latin American Countries As A Whole. His Contributions Are Of Limited Application Only. But, The Ideas Of F. Perroux Are Of A Very Original Nature In Modern Economics And Are Of Great Significance In Interpreting The Various Aspects Of Development In Asia And Africa. Much More Research Work Must Be Done In The Same Direction In The Years To Come, And It Will Be Profitable To Knowledge In Social Sciences And Humanities.