What is Unbalanced Growth?

Unbalanced growth Symmetry of "balanced growth". It is advocated that the starting point of the economic development of developing countries is not a kind of development strategy that is comprehensively and comprehensively promoted. In his book "Strategies for Economic Development" (1958), Albert Hirschman pointed out that developing countries should not focus on developing various industries at the same time, but should concentrate their efforts on developing a part of industries first, using this as a driving force to gradually expand Investment in other parts of industry. He believes that the connection effects (relationships between inputs and outputs of one sector and other sectors) of the economic sectors of less developed countries are relatively weak. Agriculture lacks the linkage effect. To seek development, as long as it concentrates resources and invests resources in sectors with greater linkage effects, the linkage effect will drive other sectors to grow at a faster rate than the development that can be achieved with a balanced growth strategy be quick. The theory of unbalanced growth emphasizes that the starting point of economic development is not comprehensive advancement. It should start from some kind of unbalanced development and gradually achieve balanced economic development through linkage effects. Therefore, the opposition between balanced growth and unbalanced growth is only relative. The imbalanced growth strategy is to create short-term, prior imbalances, to achieve long-term, after-the-fact balance. ^[1]