1. Models of Development

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

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

4. International Trade Model or Rostow’s Development Model

5. Stage 1: Traditional Society

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

7. Stage 3: Take-Off: Initial Success

8. Stage 4: Drive to Maturity: Technology Diffuses

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

10. The Four Asian Dragons South Korea Singapore Hong Kong Taiwan

11. Problems with Rostow

12. Self-Sufficiency Model

13. India

14. Self-Sufficiency Problems

15. Financing Development

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

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

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