FOUR THEORIES HOW DEVELOPMENT HAPPENS

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TD223 Mind Map on FOUR THEORIES HOW DEVELOPMENT HAPPENS, created by larabennett on 23/12/2013.
larabennett
Mind Map by larabennett, updated more than 1 year ago
larabennett
Created by larabennett almost 11 years ago
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Resource summary

FOUR THEORIES HOW DEVELOPMENT HAPPENS
  1. Neoliberalism
    1. MARKET LED GROWTH
      1. Emphasizes actions of free markets, unfettered action of buying and selling as best means of providing development.
        1. NEOLIBERALS do not trust state to act in interest of people, and competition within markets, carried out by pri indi and companies will bring the
        2. NEOLIBERALS
          1. Action of free markets. competition within markets by priv indi and companies will bring most efficient and effective production and distribution of goods & services.
            1. economy grows from this efficiancy and the wealth generated will benefit everyoneand help poorest.
              1. unfetterd markets
        3. capitalism
        4. Structuralism
          1. Agues the need for states governments and international agencies to control markets

            Annotations:

            • insure competition is fair and distribute the benefits of wealth.
            1. Intentional development actions: restrictions on imports, control over financial flows, subsidies to particular industries necessary to beat obstacles to development
              1. when many southern countries became sovereign states, after peroids of colonialism, development plans were state led.
            2. state-led
            3. Interventionism
              1. state-led and market-led
                1. combinationn of the two are important strategies and often necessary.
                  1. reffered to as interventionism.
              2. People-centered development
                1. critical of all economic approaches
                  1. redistribution of wealth, improving education and skills,health, improving conditions for people to become self reliant, ensuring governlment is well managed and accountable.
                    1. participation and empowerment
                      1. micro level aims not macro
                    2. idea developed in 1970s

                      Annotations:

                      • in response to what was seen as top-down nature of development strategies.(structuralist)
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