Dual economy Information & Dual economy Links at HealthHaven.com

A dual economy is the existence of two separate economic systems within one country, a concept created by Boeke. Dual economies are common in less developed countries, where one system is geared to local needs and another to the global export market.

Dual economies need not be across economic sector boundaries. An example of a dual economy within the same sector is a modern plantation or other commercial agricultural entity operating in the midst of traditional cropping systems.

Sir Arthur Lewis used the concept of a dualistic economy as the basis of his labour supply theory of rural-urban migration, prescribing that the path to self-sustaining growth was to be found by labour migrating from low-productivity rural areas to high-productivty urban areas.

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