Models of Development. What’s a model ??? A model is the “standard” Serves as a basis for comparison.

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Presentation transcript:

Models of Development

What’s a model ??? A model is the “standard” Serves as a basis for comparison

Models We’ve Studied… Demographic Transition Model Epidemiological Transition Model Ravenstein’s laws of migration

International Trade Model or Rostow’s Development Model

Stage 1: Traditional Society

Stage 2: Pre-Conditions for take-off: Initial Investment

Stage 3: Take-Off: Initial Success

Stage 4: Drive to Maturity: Technology Diffuses

Stage 5: Age of Mass Production: Shift to Consumer Good Production

The Four Asian Dragons South Korea Singapore Hong Kong Taiwan

Problems with Rostow

Self-Sufficiency Model

India

Self-Sufficiency Problems

Financing Development

Neocolonialism The economic control of LDCs by MDCs IMF/World Bank are criticized for this as well as corporations owned by MDCs

Core-Periphery MDCs = core LDCs = periphery Pg. 302

Microcredit Very small loans given to impoverished borrowers (in LDCs) to assist in economic development. The Grameen Bank

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