Discuss the limitations and advantages of two development models you have studied

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  • Discuss the Limitations and Advantages of Two Development Models you Have Studied
    • Dependency Theory
      • Limitations
        • exists entirely as a critique of modernisation theory
          • offers no solutions to dependency
            • just says world and Rostow's model are pretty ****
          • just says world and Rostow's model are pretty ****
          • it's literally just to spite capitalism and promote communism
        • government intervention could effect global markets
        • trade barriers could increase cost of living
        • spending on industry could be spent on basic needs or infrastructure
        • says that core and periphery can't change
          • Greece has debt but in core
          • China has big economy but in periphery
      • Advantages
        • richer countries play a role in creating poverty
          • 'Development is linked to under-development'
          • capitalism not perfect
          • recognises importance of historic context
        • industry in periphery given subsidies so it can develop!
          • if core has all the power, periphery will never develop
        • barriers to foreign imports, encouraging citizens to consume nationally produced goods reduces dependency
          • government intervention could effect global markets
        • recognises independence as a joke
          • UN, IMF world bamk exist jsut to control peripery
    • Modernisation Theory
      • Advantages
        • 1950's: first form of development concept
          • first time people talked about improving quality of life in LEDCs
        • governments have a clear course for development
          • good model for guidance!
        • idea of 'take-off' suggests rapid development
          • not necessarily true? but works for Asian Tiger economies
        • economic growth provides jobs and can increase living standards
          • eg FDI - multiplier effect
      • Limitations
        • ethnocentric - assumes all countries develop like the West
          • assumes west has it right
          • suggests all countries industrialise at the same rate
          • not only one solution but acts like there is
        • disregards culture and traditions
          • blames culture not colonialism for lack of development
          • fails to consider historical context
            • whatever happened to the slave trade and exploitation?
        • promotes and exists to promote capitalist ideology
          • assumes capitalism is perfect
        • hard for emerging markets to compete on global market
        • industrial revolutions and rapid growth have environmental impacts and cause  exploitation
          • fails to consider historical context
            • whatever happened to the slave trade and exploitation?

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