Journal Article International Specialization and the Concept of Balanced Growth: Reply Get access John Sheahan John Sheahan Williams College Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 73, Issue 2, May 1959, Pages 346–347, https://doi.org/10.2307/1883733 Published: 01 May 1959

Introduction, 183. — I. The problem of investment incentives in a low income country, 184. — II. Internal difficulties in the argument for balanced expansion, 188. — III. The role of international trade, 191. — IV. Interdependence of the rate of return on capital and the rate of economic growth, 194. — V. Conclusions, 196.

Introduction, 249. — I. Organization of the market, 250; Western Electric and the Bell System, 250; non-Bell telephone companies and equipment producers, 252. — II. Performance, 255; Western's prices and profits, 255; Western's cost accounting, 260; innovation, 262. — III. Policy choices, 265.