ABSTRACT
Special reference was made in the introductory chapter to the publication of the Chenery et al. (1974) book, Redistribution with Growth, where they surveyed existing multisector planning models and found them to be inadequate for formulating development strategies. They concluded that a basic reformulation is required, and that what is needed is a compact model that provides a unified treatment of the determination of growth and distribution among different social groups: effective assessment of development strategies requires working with a structured economy-wide model that depicts the whole circular flow of the economy, with explicit divisions into production activities, production factors, possessing institutions (that is, households, firms, government), and the rest of the world.
