DEVELOPMENT THEORIES

Bridging the Development Gap Topic

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ECONOMIC THEORY

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.

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SOCIAL THEORY

Gunder Frank's Dependency Model

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

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SUSTAINABILITY THEORY

Green Growth

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

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POLITICAL THEORY

Liberalism

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

  • Class Divide
  • Massive Inequalities
  • Social Unrest
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FINANCIAL THEORY

Rostow's Modernist View

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

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CORE-PERIPHERY THEORY

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

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Comments

Em

i believe it is comparitive advantage not competitive 

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