Development Economics - What is the Lewis Turning Point?

This short topic video looks at the Lewis Turning Point. The Lewis Turning Point refers to the point at which a traditional agricultural economy transitions to a modern industrial economy.
#ibeconomics #economicdevelopment #edexceleconomics

[@tutor2u-official]

Find out more about Professor Arthur Lewis by clicking this link www.tutor2u.net/economics/topics/lewis-arthur

[@j-riz8517]

When populations move away from agriculture and the wages in that sector have to rise to retain labour, inturn rising prices of agricultural products, does this then impact the entire country by the way of food price inflation?

[@dannykendall-torry6430]

do i need to understand the lewis turning point for edexcel?

[@tutor2u-official]

Yes ... it actually appeared as a 5 mark question last year but is part of the broader debate over development barriers. Thanks Danny.

[@philipp2781]

@@tutor2u-official Hey. Thank you for all your help with my revision. I looked at the question you were referring to, and it didn't mention anything about turning points, only lewis model itself. Markscheme didn't mention it either.