The problem of high unemployment persists in many parts of the developing world. With reference to both the Harris-Todaro model of rural urban migration and the LFS Limited Factor Substitutability model, critically assess the idea that urban unemployment in developing countries is mainly a function of wage differentials between rural and urban sectors? Discuss briefly

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The problem of high unemployment in many developing countries has been a subject of extensive study and debate Two prominent models that provide insights into the dynamics of ruralurban migration and ... View the full answer