The Unbalanced Growth Theory of Economic Development, pioneered by Albert O. Hirschman, argues that strategic investment imbalances can accelerate development by stimulating innovation, linkages, and structural transformation. In this video, we explain the theory, its assumptions, and its relevance to modern development economics and policy debates.
This video is designed for economics students, researchers, policymakers, and development practitioners. It aligns with internationally taught development economics curricula across Europe, the United States, Canada, Australia, and New Zealand, making it suitable for a global academic and professional audience.
📊 Topics Covered
What is Unbalanced Growth Theory?
Hirschman’s critique of Balanced Growth and the “Big Push”
Forward and backward linkages
Role of infrastructure, industry, and institutions
Advantages, limitations, and policy implications
Relevance for developing and emerging economies today
📚 Authoritative Publications & Institutional Resources
Explore trusted academic and policy research from leading global institutions:
World Bank – Economic Development & Industrial Policy
https://www.worldbank.org
International Monetary Fund (IMF) – Development Economics
https://www.imf.org
OECD – Development Centre Publications
https://www.oecd.org
United Nations Department of Economic and Social Affairs (UN DESA)
https://www.un.org
Harvard University – Center for International Development
https://www.hks.harvard.edu
London School of Economics (LSE) – Development Studies
https://www.lse.ac.uk
University of Toronto – Development Economics (Canada)
https://www.economics.utoronto.ca
Australian National University – Development Economics
https://crawford.anu.edu.au
University of Auckland – Economics & Development (New Zealand)
https://www.auckland.ac.nz
🌍 Global Relevance
Unbalanced Growth Theory remains highly relevant in discussions on industrial policy, infrastructure-led development, economic diversification, and growth strategies in low- and middle-income countries across the world.
🚀 Trending & SEO Keywords
Unbalanced Growth Theory, Economic Development, Hirschman Theory, Development Economics, Industrial Policy, Structural Change, Big Push Theory, Growth Strategies, Emerging Economies, Economics Explained
🔔 Call to Action
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