THEORIES OF DEVELOPMENT

1
THEORIES OF DEVELOPMENT

• I. Linear Stages
• II. Structural Change
• III. Industrial Dependence Revolution
• IV. Neoclassical Counterrevolution
• V. New Growth

2

• I. Linear Stages Theory1. Rostows Stages of
  Growth
• i. Traditional
• ii. Pre-Conditions for Take Off
• iii. Take Off
• iv. Drive to Maturity
• High Mass Consumption

3

• Rostows Key Elements
• INFRASTRUCTURE AGRICULTURE TRADE INVESTMENT
  LEADING SECTOR INSTITUTIONAL SET-UP
• Linear Stages
• 2. Harrod-Domar Growth Model
• Capital Formation
• Rate of Growth of Income Savings / Capital
  Output Ratios

4
STRUCTURAL-CHANGE MODELS

• 1. Lewis Theory of Development
• TRANSFER OF LABOR- OUTPUT EXPANSION
• URBAN EMPLOYMENT- CONSTANT WAGES
• REINVESTMENT
• GRAPH
• CRITICISMS

5
STRUCTURAL-CHANGE MODELS

• 2. Chenerys Pattern of Development
• EMPIRICAL
• OUTPUT AND LABOR SHIFTS
• HUMAN RESOURCE DEVELOPMENT
• URBANIZATION
• FAMILY PLANNING

6

• III. INTERNATIONAL DEPENDENCE REVOLUTION1.
  NEOCOLONIAL DEPENDENCECENTER PERIPHERY2.
  FALSE PARADIGMFOREIGN EXPERTS3. DUALISMFOUR
  KEY ELEMENTS
• IV. NEOCLASSICAL COUNTERREVOLUTIONFREE MARKETS
• V. NEW GROWTH- ENDOGENOUS