Big Push Model

Big push model is a concept in improvement economics that emphasizes a firm’s decision no matter whether to industrialize or not depends on its expectation of how many other firms will complete. It assumes financial systems of scale as well as oligopolistic market construction and explains whenever industrialization would happen. The theory from the model emphasizes in which underdeveloped countries require large amounts of investments to embark on the path regarding economic development using their present state regarding backwardness.