Sir Arthur Lewis

Sir Arthur Lewis was a renowned economist from Saint Lucia who won the Nobel Prize in Economic Sciences in 1979. He is best known for his development of the "Two-Sector Model," which explains how developing countries transition from primarily agricultural economies to more industrialized ones. Lewis described how surplus labor from agriculture can be moved to manufacturing, fueling economic growth without causing inflation. His work helped understand economic development and strategies for reducing poverty. Lewis’s ideas are influential in shaping policies for developing nations seeking to improve living standards through industrialization and investment.