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OTHER PERSPECTIVES

 

1.         STRUCTURAL CHANGE MODELS

 

1.1.     LEWIS THEORY OF DEVELOPMENT

1.2.     STRUCTURAL CHANGE AND PATTERNS OF DEVELOPMENT THEORIES: focuses on the on the sequential process through which the economic, industrial, and institutional structure of an underdeveloped economy is transformed to permit new industries to replace traditional agriculture as the engine of growth. Empirical structural-change analysts, on the other hand, emphasize both domestic and international constraints on development.

1.3.     Best-known of 1.2. is the EMPIRICAL WORK OF HOLLIS CHENERY. Patterns identified by Hollis Chenery: shift from agri to industrial production, steady accumulation of physical and human capital, change in consumer demand from emphasis on food and basic necessities in favor of diverse manufactured goods and services, growth of cities and urban industries, decline in family size and overall population as children lose their economic value.

 

2.         INTERNATIONAL DEPENDENCE REVOLUTION

 

2.1.     Neocolonial Dependence Model

2.2.     False-Paradigm Models: attributes underdevelopment to faulty and inappropriate advise provided by well-meaning but often uninformed, biased, and ethnocentric international “expert” advisers from developed-country assistance agencies and multinational donor organizations

2.3.     Dualistic-Development Thesis

a)     Two or several sets of conditions can co-exist in a given space, of which some are “superior” and the others “inferior”

b)     Co-existence of the situation in (a) is chronic and not merely transitional

c)      Not only do the degrees of superiority or inferiority tend to persist; the degrees of superiority and inferiority even worsen

d)    The relation between the superior and the inferior is such that the superior element does little or nothing to pull up the inferior and superior even push down the inferior

REFERENCE: ECONOMIC DEVELOPMENT IN THE THIRD WORLD, latest edition, Edition by Michael Todaro

 

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