Economics · Economic Growth and Development Theories

Consider the following statements regarding Albert Hirschman's Unbalanced Growth Theory: A. It argues that creating deliberate sectoral imbalances is a more practical strategy for capital-scarce developing economies. B. The strategy relies on simultaneous sector expansion and demand complementarity to break the vicious circle of poverty. C. It operates through an inducement mechanism where imbalances create shortages and profit opportunities that drive complementary investments. D. It utilizes backward linkages, defined as a mechanism where an industry's output encourages the development of industries that use it as an input. Choose the correct statements from the options given below: