Economics · Economic Growth and Development Theories
Which of the following statements regarding W. Arthur Lewis's views on development is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1According to Arthur Lewis, economic development is entirely independent of a country's resource endowment.
- 2According to Arthur Lewis, natural resources play no role in economic development.
- 3According to Arthur Lewis, natural resources and economic development do not depend on each other.
- 4According to Arthur Lewis, the utilization of natural resources and economic development depend on each other.✓
Correct answer
According to Arthur Lewis, the utilization of natural resources and economic development depend on each other.
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