Please enable JavaScript.
Coggle requires JavaScript to display documents.
DEVELOPMENT THEORIES - Coggle Diagram
DEVELOPMENT THEORIES
1. Linear growth Theory
A. Rostow : - also include changes development in social
and political - seen as a comprehensive analysis of development (all factors are considered)- 5 stages to explain the changes or level of development
Take-off, with positive growth rates in particular sectors and where organised systems of production and reward replace traditional methods and norms
The drive to maturity, with an ongoing movement towards a diverse economy, with growth in many sectors.
Pre-take-off stage, with the development of education and an understating of science, the application of science to technology and transport, and the emergence of entrepreneurs and a simple banking system, and hence rising savings.
The stage of mass consumption, where citizens enjoy high and rising consumption per head, and where rewards are spread more evenly
Traditional society, dominated by agriculture and barter exchange, and where science and technology are not understood or exploited.
B. Karl marx: - Low tech and resources are not the main factors in development. - introduce 5 level of society history:
Feudal: the landlords controlled the land. Religious beliefs among landlords are strong enough to prioritize the development of the church over economic development
Capitalist: the most advanced level. FoP ownership is more of an individual (capitalist). Tend to increase wealth with the use of capital. make workers still low-paid and stay poor
-
Injustice in capitalists derived to a socialist level. FoP is co-owned. Equal in the ownership of wealth.
Primitive: production traditionally, using traditional tools and for own use
-
-
4. Neo Classical Theory
A. Schumpeter :
Entrepreneurs Introduce: New product, new method of production, new markets, expand the source of raw materials and reorganize the industry
-
-
-