Kategorier: Alle - development - barriers - investment - growth

af Letizia Andrés Calvo 3 år siden

270

DEVELOPMENT THEORIES

The landscape of economic development theories is diverse, encompassing various schools of thought. The heterodox school includes dependency theory, which emphasizes external barriers to development and has both Marxist and non-Marxist strands.

DEVELOPMENT
THEORIES

DEVELOPMENT THEORIES

ORTODOX SCHOOL (DEVELOPMENTALISTS)

THE STAGES OF GROWTH THEORY
Mass consumption
Drive to maturity
Take-off
Preconditions for take-off
Traditional Society
THE LEWIS MODEL
UNBALANCED GROWTH
antagonistic growth?
social organization in the workplace
backward and forward linkages
market disequilibriums could be used to foster economic growth
prioritize key sectors
realistic approach: not enough financial resources for a "big push"
THEORY OF BALANCED GROWTH
import substitution industrialization
dynamic fiscal policies
propensity to import
export pessimism
THEORY OF BIG PUSH
social overhead capital
virtuous cycles
simultaneous investment in multiple sectors of economy
hidden potential of less-developed nations

HETERODOX SCHOOL

DEPENDENCY THEORY
Marxist
Non-marxist
Focus on external barriers to development
INSTITUTIONALISTS
Technology

Ceremonialism

STRUCTURALISTS
ISI: import substitution industrialization
advanced center countries and less-developed periphery
Prebisch-Singer hypothesis