International development Flashcards
Modernist theory derives from…
Restrow
There are… stages
5
The stages are
Traditional society, Economic Growth, Take off, Drive to maturity, High mass consumption
Define traditional society
Country not yet developed by majority of people engaged in subsistence agriculture and more investments are channelled into services or activites such as military and religion
Define Economic Growth stage…
economy undergoing a process of change for building up of conditions for growth and take off.
Economic Growth stage Characterised by…
development of mining industries, increase in capital use in agriculture, necessity of external funding and some growth in savings and investments
Define Take off…
Dynamic economic growth characterised by sharp stimulus of economic, political or technological in nature.
Main aspect of take off …
that of self sustained economic growth.
Define Drive to maturity … Refers to period when a country has affectively applied the range of … …. to the bulk of its ….. Wealth generation furthers investment
extension of modern tech over other sectors of the economy or society, modern technology, resources. Wealth generation furthers investment.
High mass consumption…
provision of consumer durables and services in the consumer market place, social welfare provision.
development of mining industries, increase in capital use in agriculture, necessity of external funding and some growth in savings and investments - characterises which stage?
Economic growth stage
extension of modern tech over other sectors of the economy or society. Refers to period when a country has affectively applied the range of modern technology to the bulk of its resources. Wealth generation furthers investment.
Drive to maturity
Country not yet developed by majority of people engaged in subsistence agriculture and more investments are channelled into services or activites such as military and religion
traditional society
Many poorer or LEDC countries forced into … … will continue to export … …. …. while importing … … … rather than developing them in house in their own industrialise capacities.
comparative advantage
Primary raw materials
Technologically sophisticated products
Countries protected their own … … with … in opposition of the principles of free trade
infant industries
tariffs
