Growth pole is the concentration of technically advanced industries that stimulate economic development in associated businesses and industries. These concentrations of industries often affect the economies of geographical areas outside their immediate regions. A third, but less known model of growth was worked out in the 1950s by the Frenchman, Fancois Perroux. Perroux divided industry as a […]
The Growth Pole Theory Read More »
Neo-Marxism theories of underdevelopment and dependency appeared during the 1950s, partly as a reaction against the growth and modernization theories, partly as the outcome of a long-standing debate concerning the impact of imperialism. The early Neo-Marxist theories were primary known as dependency theories., They were to a large extent influenced by the Latin American structuralists
Neo-Marxism Theories of Underdevelopment and Dependency Read More »
One of the distinguish characteristics of developing countries is that their trade tends to be dominated by the export of primary commodities.
Exports Dominated by Primary Commodities. Why ? Read More »
