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 »
Lewis and Rostow both focused on rising per capita income as the central measure of growth; they conceived of economic development as a modernisation
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Hirschman stressed his point by saying that if a country were ready to apply the doctrine of unbalanced growth, then it would not be underdeveloped.
Unbalanced Growth and income Distribution Read More »
In his Elimination of Dependency suggested process, Warren’s main point was; certainly imperialism has led to the creation of a system characterised by inequality and exploitation
Elimination of Dependency. How does it Work? Read More »
Baran conceptualized the causes of underdevelopment in much the same way as his contemporary non-Marxist economists.
Causes of Underdevelopment according to Baran 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
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Introduction Andrea Gunder Frank, like Baran, was interested in identifying the causes of underdevelopment, but unlike his predecessor he did not lay great emphasis on the social classes and their control over the economic surplus. Rather, Frank argued that the crucial mechanism for extraction of the surplus was trade and other kinds of exchange of
Metropoles and Satellites According to Baran Read More »
the capitalist mode of production has only permeated the centre economies and their international relations with the periphery.
The Capitalist World System by Wallerstein Read More »
Dependency development is an area of dependency theory which is mainly concerned with the efforts made to export primary resources from countries which are resource-rich but industry-poor.
Dependency Development Read More »
Arghiri Emmanuel’s theory of unequal exchange, dating from the late 1960s, was in certain respects in extension of Prebisch’s and Singer’s analyses of the deteriorating terms of trade
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