L10) Development Theories & Pathways Flashcards
What is 'development'? How countries change as they 'develop' Theories of economic development: (3) Paths to grow
1
Q
Endogenous growth theory? How do these factors of production (LLK) interact w/ one another and create a cycle of growth? (labour & capital contribute to tech) –> increase in people’s capacity to interact w/ this tech
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2
Q
Four theories of economic development
A
3
Q
Why is is important to look past these development theories and look at actual histories?
A
4
Q
How does EOI lead to protection?
A