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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
orRostow’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