In the 1960s,which economist developed the theory of the "two-model gap," proposing that there was not just a savings gap but also a foreign exchange gap and that the latter was the major constraint on development?

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Hollis Chenery developed the theory of the "two-model gap" in the 1960s, proposing that there was not just a savings gap but also a foreign exchange gap and that the latter was the major constraint on development. John Maynard Keynes and Milton Friedman were influential economists, but did not develop this specific theory. Vinay Bhargava is a current economist whose work focuses on development finance and public sector management, but he was not active in the 1960s when this theory was developed.

In the 1960s,which Economist Developed the Theory of the "Two-Model