Theories of development
- Created by: Ariana Cimorelli
- Created on: 29-04-21 20:57
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- Theories of development
- Rostow's theory of development (Aka the theory of modernisation)
- Stage 1-Traditional society
- Most people work in agriculture, produce little surplus. This is a 'substinence economy'
- Stage 2-Pre-conditions for take-off
- Shift from farming to manufacturing. Trade increases profits which are invested into new industries and infrastructures. Agriculture produces crops for sale
- Stage 3-Take-off
- Growth is rapid. New manufacturing industries due to investment and new technology
- Stage 4-Drive to maturity
- Period of growth. Technology used more. Industries produce consumer goods.
- Stage 5-High mass consumption
- Period of comfort. Consumers enjoy a wide range of goods. Societies choose how to spend wealth, either on military strength, on education and welfare, or on luxuries for the wealthy
- Stage 1-Traditional society
- Frank's dependency theory
- Belived that development was about two types of region
- Core
- Represents the developed, powerful nations.
- Periphery
- All other areas that aren't core
- Produce raw materials to sell to the core
- Depends on the core for its market
- Core
- Low value raw materials are traded between the periphery and the core. Te core processes these into higher value products and becomes wealty
- Core
- Represents the developed, powerful nations.
- Periphery
- All other areas that aren't core
- Produce raw materials to sell to the core
- Depends on the core for its market
- Core
- Belived that development was about two types of region
- Rostow's theory of development (Aka the theory of modernisation)
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