development theories Flashcards

rostow's modernisation theory and criticism, frank's dependency theory and criticism

1
Q

what were the name of the two development theories

A

rostow’s modernisation theory
franks dependency theory

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2
Q

where did rostow’s modernisation theory come from

A
  • economic development experienced by Western Europe and North America
  • money from developed countries should be given to developing countries to encourage development
  • countries move from underdevelopment to development in 5 easy stages too
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3
Q

what are the stages of RMT

A

stage 1 - TRADITIONAL SOCIETY
- jobs –> agriculture (could produce surplus - subsistence)

stage 2 - PRE TAKE OFF SOCIETY
- moving from farming to manufacturing
- trade increases profit invested into industry etc

stage 3 - TAKE OFF STAGE
- rapid growth
- investment + technology create new manufacturing industries
- take off requires investment from profits from trade

stage 4 - DRIVE TO MATURITY
- period of growth
- lots of technology
- industry produces consumer goods

stage 5 - AGE OF MASS CONSUMPTION
- comfort period
- customers enjoying goods
- society spends wealth on whatever

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4
Q

RMT criticism

A
  • old (1660)
  • based on europe + western america (not worldly applicable)
  • assumes all countries start with the same climate/resource/terrain
  • no detail about history
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5
Q

where did frank’s dependency theory come from

A
  • very critical of capitalism
    –> capitalism system of world trade benefits developed more than developing - rich countries sell manufactured goods & services at high prices to developing countries and developed buys raw material from poor countries for cheaper price
  • country’s became rich at the expense of developing countries exploiting natural resources (neo-colonialism)
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6
Q

stages of FDT

A

periphery (developing):
selling core cheap raw materials
core (developed): manufacture these and sell them much more expensive to other developed countries

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