- This paper is a little technical (econometrics)
The Dual Economy Model Of Sir Arthur Lewis for Zimbabwe
Inequality and Exploitation, a grey specter that looms within the background of the Dual Sector Model, explains why the Dual Sector Model behaves the way it does and facilitates its success.
Based on this dichotomous “ghost”, sir Arthur Lewis, in the early 50s designed a model that tries to explain how growing economies in the Less Developed Countries (LDCs), grow. The “how” in this previous statement is not misguided. It should, from inception ,be noted that, the Dual
Sector Model is not a strategy but a Development model, one that describe how, yet does not explain why, development occur.
So the Dual Sector Model starts from the notion of two sectors in the economy ,an economy that is nay developed but will with time . It therefore explains how an economy moves from the one end of the development continuum, that is, underdevelopment
to the other extreme based on the aforementioned specter that abides the background of the model. The essay below will outline the Dual Sector Model (herein the DSM) in itself and after the outline, an empirical test will be performed using Zimbabwean historical development path
as a yardstick to this Lewisian Model. The outline will be based upon four points of interest based on the “specter”-Inequality and Exploitation.