Kaleckian model of growth with public spending Investment in Education and Health as Development Promotors

Virtually all so-called developing countries have adopted the free market model as the way to achieve high levels of income per capita and transform their nations in civilized societies. Within such a system in which decisions are based on an expectation of benefit, lack of trust prevents the resour...

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Autor Principal: Pérez Rodríguez, Óscar Eduardo
Formato: info:eu-repo/semantics/article
Idioma: spa
Publicado: Universidad Santo Tomás 2011
Materias:
Acceso en línea: http://revistas.usta.edu.co/index.php/cife/article/view/800
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Sumario: Virtually all so-called developing countries have adopted the free market model as the way to achieve high levels of income per capita and transform their nations in civilized societies. Within such a system in which decisions are based on an expectation of benefit, lack of trust prevents the resources from being used appropriately and fully. A possible solution to unemployment and poverty generated by the lack of private investment is government intervention, either through direct investment or favoring the generation of capital (human and physical) in accordance with social needs using strategic planning. Kaleckians schemes, concepts and developments will allow us to demonstrate the way in which government spending financed through taxes far from curbing private action will stimulate investment, employment and aggregate demand.