IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
-Big push,backward linkages

Question

Quizplus · Accepted Answer

The Answer is Big Push:

The concept of the "Big Push" originates from development economics and refers to a theory that in order to ignite economic growth and overcome the barriers to development, a significant and comprehensive investment across multiple sectors of the economy is required simultaneously. This idea was prominently discussed by economist Paul Rosenstein-Rodan in the 1940s. The rationale behind the Big Push is that small, incremental investments are often insufficient to overcome the challenges of underdevelopment due to coordination problems, economies of scale, and market externalities. A Big Push aims to create a rapid industrialization process, generate employment, and increase productivity, thereby leading to sustained economic growth.

Backward Linkages:

Backward linkages refer to the connections between a company or an industry and its suppliers. In the context of economic development, the term is often associated with the work of economist Albert O. Hirschman. Backward linkages are created when the establishment of a new industry or the expansion of an existing one leads to increased demand for inputs, raw materials, and components from other sectors of the economy. This can stimulate investment and growth in these supplier industries, leading to a multiplier effect that spreads throughout the economy.

Relationship between Big Push and Backward Linkages:

The relationship between the Big Push and backward linkages is rooted in the idea that a coordinated, large-scale investment strategy (Big Push) can create a network of inter-industry demand (backward linkages) that supports and amplifies economic development. When a Big Push is implemented, new industries and expanded production can lead to increased demand for inputs from other sectors, thus creating backward linkages. These linkages can then contribute to the overall success of the Big Push by fostering a supportive business environment, encouraging the development of domestic supply chains, and promoting the diversification of the economy. The creation of backward linkages is one of the mechanisms through which a Big Push can lead to sustainable economic growth, as it encourages the development of local industries and reduces dependency on imports.