development theories

Question 1

what were the name of the two development theories

Answer 1

rostow’s modernisation theory
franks dependency theory

Question 2

where did rostow’s modernisation theory come from

Answer 2

• economic development experienced by Western Europe and North America
• money from developed countries should be given to developing countries to encourage development
• countries move from underdevelopment to development in 5 easy stages too

Question 3

what are the stages of RMT

Answer 3

stage 1 - TRADITIONAL SOCIETY
- jobs –> agriculture (could produce surplus - subsistence)

stage 2 - PRE TAKE OFF SOCIETY
- moving from farming to manufacturing
- trade increases profit invested into industry etc

stage 3 - TAKE OFF STAGE
- rapid growth
- investment + technology create new manufacturing industries
- take off requires investment from profits from trade

stage 4 - DRIVE TO MATURITY
- period of growth
- lots of technology
- industry produces consumer goods

stage 5 - AGE OF MASS CONSUMPTION
- comfort period
- customers enjoying goods
- society spends wealth on whatever

Question 4

RMT criticism

Answer 4

• old (1660)
• based on europe + western america (not worldly applicable)
• assumes all countries start with the same climate/resource/terrain
• no detail about history

Question 5

where did frank’s dependency theory come from

Answer 5

• very critical of capitalism
  –> capitalism system of world trade benefits developed more than developing - rich countries sell manufactured goods & services at high prices to developing countries and developed buys raw material from poor countries for cheaper price
• country’s became rich at the expense of developing countries exploiting natural resources (neo-colonialism)

Question 6

stages of FDT

Answer 6

periphery (developing):
selling core cheap raw materials
core (developed): manufacture these and sell them much more expensive to other developed countries