Lewis Model Essay

1331 Words6 Pages
The Lewis model; by Arthur Lewis, a pioneer and one of Caribbean's first indigenous economist, took up the challenge of serving a developing world in search of economic freedom through his economic thought and strategy towards Caribbean development during the early post war period. The Lewis model, commonly known as the dual sector model a model that contributed best to economic development of the Caribbean by transferring labor from a traditional/Plantation sector into a modern/Industrialize capitalist sector in conditions of the unlimited supplies of labor. This essay however, seeks to examine the usefulness of, Caribbean industrialization, the industrialization by invitation, as strategies used by Lewis towards Caribbean development in the region. Sir Arthur Lewis, well known for his theoretical work first proposed the strategy of Caribbean industrialization, also known in the region as industrialization by invitation one that highly suggest exported labor as an intensive strategy of industrial development whereby Lewis argued that industrial development in the Caribbean was based on the overpopulation that existed in the region. By the of population means of land ratio being too high for agriculture to support the growth in the labor force given the high levels of unemployment and underemployment, especially in Barbados and Jamaica where there was an urgent need to create jobs off the land as Lewis being an optimist saw industrial development complementing agricultural development in raising the standard of living and providing productive employment hence, Lewis proposed to the Government an active initiative to promote industrialization, when he realized that there are conditions such as capital, entrepreneurship and market relations that was deemed as a necessity for this preposition to work those that was impossible to provide domestically. Thus, Lewis
Open Document