Search results
Results from the WOW.Com Content Network
Human development theory is a theory which uses ideas from different origins, such as ecology, sustainable development, feminism and welfare economics. It wants to avoid normative politics and is focused on how social capital and instructional capital can be deployed to optimize the overall value of human capital in an economy.
In this, developmentalists created plans for development that were mostly inflexible, as they relied heavily on the Western model of development as their primus modus. Western development, supposedly, held the keys to unlocking the door to the Global South’s development, and as such, could shed light on the changes that were occurring there.
Postdevelopment thought arose in the 1990s [1] as a set of criticisms against development projects led by Western nations and legitimized under development theory. For postdevelopment theorists, "development" is an ideological concept that works to preserve the hegemony of the Global North [2] while increasing the dependency of the Global South ...
Criticism of Western development became an important goal in the late 1980s, after the wake of severe economic crisis brought disease, poverty, and starvation to countries and sectors that were the focus of large Western structural adjustment development projects throughout Latin America, Africa, and other parts of the former colonial world.
The earliest Western theory of development economics was mercantilism, which developed in the 17th century, paralleling the rise of the nation state. Earlier theories had given little attention to development.
The development of one or more substantial manufacturing sectors with a high rate of growth; he indicates the leading sectors in the economy. Rostow regards the development of leading sectors as the 'analytical bone structure' of the stages of economic growth. There are generally three sectors of an economy: Primary Sector - Agriculture
Non-Western countries can attempt to achieve isolation to preserve their own values and protect themselves from Western invasion. He argues that the cost of this action is high and only a few states can pursue it. According to the theory of "band-wagoning" non-Western countries can join and accept Western values.
Modernisation refers to a model of a progressive transition from a "pre-modern" or "traditional" to a "modern" society. [1]The theory particularly focuses on the internal factors of a country while assuming that, with assistance, traditional or pre-modern countries can be brought to development in the same manner which more developed countries have.