FOUR THEORIES HOW DEVELOPMENT HAPPENS

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

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.

1. combinationn of the two are important strategies and often necessary.
   1. reffered to as interventionism.

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
   2. micro level aims not macro

Annotations:

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