Throughout mnany less developed economies
of the world, especially those of
tropical Africa, a curious economic phenomenon
is presently taking place. Despite
the existence of positive marginal products
in agriculture and significant levels of urban
unemployment, rural-urban labor
migration not only continues to exist, but
indeed, appears to be accelerating. Conventional
economic models with their
singular depeindence on the achievement of
a full employment equilibrium through
appropriate wage and price adjustments
are hard put to provide rational behavioral
explanations for these sizable and
growing levels of urban unemployment in
the absence of absolute labor redundancy
in the economy as a whole. Moreover, this
lack of an adequate analytical model to
account for the unemployment phenomenon
often leads to rather amorphous explaniations
such as the "bright lights" of
the city acting as a magnet to lure peasants
into urban areas.
Throughout mnany less developed economiesof the world, especially those oftropical Africa, a curious economic phenomenonis presently taking place. Despitethe existence of positive marginal productsin agriculture and significant levels of urbanunemployment, rural-urban labormigration not only continues to exist, butindeed, appears to be accelerating. Conventionaleconomic models with theirsingular depeindence on the achievement ofa full employment equilibrium throughappropriate wage and price adjustmentsare hard put to provide rational behavioralexplanations for these sizable andgrowing levels of urban unemployment inthe absence of absolute labor redundancyin the economy as a whole. Moreover, thislack of an adequate analytical model toaccount for the unemployment phenomenonoften leads to rather amorphous explaniationssuch as the "bright lights" ofthe city acting as a magnet to lure peasantsinto urban areas.
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