Views of Development - Early 20th century attitudes Flashcards
As the global economy grew after WW1 …
A 2nd view of development was established during the 1960’s
This 2nd view was…
The Modernisation Theory of Development proposed by Walt Rostow
Using GNP as a measurement Rostow was able to identify…..
5 stages in the economic development of a country as it changed from a poor, rural, agricultural subsistence economy to a highly industrialised urban economy where consuption of resources is high
Using GNP he stated the…
The Western world is most developed and other regions would eventually catch up
The development of free trade and global trading systems would…
Help the economies of poorer nations
He observed that many countries have ….
Not developed or have fallen behind in their development stages and need help to catch up with more developed countries
Rostow studied changes in..
The gross national product of a country over time
One problem with the Modernisation model is that..
He focused purely on the Western world countries, e.g Japan & Europe, with large populations and plenty of resources
Another criticism of this model is that it only…
Considers economic factors e.g. GNP, It does not take into account human development e.g literacy levels or healthcare provision