Dual economy

From Wikipedia, the free encyclopedia

Economies
Sectors and Systems
  Closed economy
  Dual economy
  Gift economy
  Informal economy
  Market economy
  Mixed economy
  Open economy
  Participatory economy
  Planned economy
  Subsistence economy
  Underground economy
  Virtual economy
Real-World Examples and Models  
  Anglo-Saxon economy
  American School
  Global economy
  Hunter-gatherer economy
  Information economy
  New industrial economy
  Palace economy
  Plantation economy
  Social market economy
  Transition economy
Ideologies and Theories
  Capitalist economy
  Corporate economy
  Natural economy
  Socialist economy
  Token economy
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Dual economy (sometimes also known as a 'dualistic economy') is the existence of two separate economic systems within one region; common in the less developed countries, where one system is geared to local needs and another to the global export market.

For example, a modern plantation or other commercial agricultural entity operating in the midst of traditional cropping systems. In this kind of economy, agriculture and industry survive together