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Lewis turning point

Index Lewis turning point

The Lewis turning point is a situation in economic development where surplus rural labor reaches a financial zero. [1]

9 relations: Allen Montgomery Lewis, Artificial intelligence, Behavioral economics, Foxconn suicides, Low-cost country sourcing, Political midlife crisis, Tshilidzi Marwala, W. Arthur Lewis, 2010 Chinese labour unrest.

Allen Montgomery Lewis

Sir Allen Montgomery Lewis (26 October 1909 – 18 February 1993) was a barrister and public servant from Saint Lucia who twice served as the country's Governor-General.

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Artificial intelligence

Artificial intelligence (AI, also machine intelligence, MI) is intelligence demonstrated by machines, in contrast to the natural intelligence (NI) displayed by humans and other animals.

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Behavioral economics

Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.

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Foxconn suicides

The Foxconn Suicides were a spate of suicides linked to low pay at the so-called "Foxconn City" industrial park in Shenzhen, China, that occurred alongside several additional suicides at various other Foxconn-owned locations and facilities in Mainland China.

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Low-cost country sourcing

Low-cost country sourcing (LCCS) is procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses.

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Political midlife crisis

A political midlife crisis is a turning point or watershed moment in the fortunes of a governance entity such as an empire, nation, faction, political party, or international alliance.

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Tshilidzi Marwala

Tshilidzi Marwala (OMB) born 28 July 1971 in Venda, Transvaal, South Africa is currently the Vice-Chancellor and Principal of the University of Johannesburg.

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W. Arthur Lewis

Sir William Arthur Lewis (23 January 1915 – 15 June 1991) was a Saint Lucian economist well known for his contributions in the field of economic development.

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2010 Chinese labour unrest

The 2010 Chinese labour unrest was a series of labour disputes, strike actions, and protests in the south of the People's Republic of China that saw striking workers successfully receive higher pay packages.

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Lewis Turning Point, Lewisian turning point.


[1] https://en.wikipedia.org/wiki/Lewis_turning_point

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