DEVELOPMENT THEORIES

Competitive Advantage

KEY IDEA:
All the countries benefit when countries specialise in the production of goods and services that they produce relatively efficiently. This stimulates trade.

Gunder Frank's Dependency Model

KEY IDEA:
External factors using trade and aid to support both developing and developed countries.
Creates CYCLE OF DEPENDENCY

Green Growth

KEY IDEA:
Development and growth is adjusted to minimise effect on environment.

Liberalism

KEY IDEA:
Wealth is created by few, then spread to the poor.
Generates:

• Class Divide
• Massive Inequalities
• Social Unrest
  

Rostow's Modernist View

KEY IDEA:
Looks at internal factors with a 5 stage model through
industrial development and consumer divide.

Benefical effects can spread from developed core regions or countries to less developed peripheral regions.