Theories of Development

Key points about the different theories of development

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  • Theories of Development
    • Modernization
      • Development is often understood as a process of becoming 'modern'
      • 'Modern' has usually applied to being like 'the West'
        • In economic terms - commercial rather than subsistence agriculture
        • In social terms - class groups rather than family or tribal affiliations
        • In political terms - democratically elected governments rather than tribal or religious forms of organization
        • Eurocentric
      • Walt Rostow (1960)
    • Structuralism and Dependency
      • Factors external to the poorer countries (exogenous factors) are of much greater importance
      • These ideas and theories developed in parts of the Global South
      • It is important to consider how understandings of and approaches to development are a product of particular temporally and spatially specific contexts
      • Rahul Prebisch and the UN Economic Commission for Latin America
      • Important to consider the current reality of Latin America when choosing development policies, rather than following northern-based models
      • 'Structuralism' focuses on the structures of the global economy and how these might help or hinder development attempts
      • Policy implications in Latin America: promote protectionist policies and state intervention
        • This allows Latin America to develop, i.e. industrialize, urbanize and increase standards of living
      • Development as a goal was the same as described by modernization theorists, but the process was slightly different
      • Untitled
    • Neo-liberalism

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