1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tangare [24]
3 years ago
9

Describe briefly and then cite some of the advantages and disadvantages of each of the following schools of thought concerning e

conomic development: linear stages, neoclassical. structural change, dependence, and neoclassical ?
Social Studies
1 answer:
Mice21 [21]3 years ago
7 0

Answer: see explanation

Explanation:

1) The linear stages of growth models share the central role of savings and capital formation as their basic theme. The two examples given are W.W. Rostow's theory and the Harrod-Domar model. This approach is limited since the structural and institutional conditions necessary to effectively utilize savings are often lacking, and the possibilities of development are often conditioned on international factors beyond a developing country's influence. In this respect, a distinction must be made between the necessary and sufficient conditions for economic growth.

1. The neocolonial dependence school emphasizes the unequal power relationships between the developed and less developed countries and blames underdevelopment on conscious or unconscious developed country exploitation, perpetuated by power inequality within each developing country, whereby a small ruling elite controls the means of production.

The false paradigm model argues that underdevelopment is fostered by well-meaning but inappropriate advice from aid agencies and other Western trained economists and/or advisors.

3. The dualistic development model, or Singer's superior-inferior sectors model which is cited as representative of the dualistic development thesis. Despite doubts that developed countries intentionally keep developing countries in a dependent state, there is recognition of the fact that many key international economic decisions are taken in developed countries.

4) The neoclassical counter revolution focuses on the working of markets, inefficiency, and a lack of economic incentives within developing countries as being responsible for the lack of development. In this respect, three approaches are highlighted:

1. The free market approach argues that markets are efficient and any government intervention is counterproductive.

2. The public choice, or new political economy, approach emphasizes inherent government failure and the self-interested behaviour of public officials.

3.The neoclassical counterrevolution has identified, and emphasized, three areas, namely, that:

(1) Price allocation is usually more efficient than intervention;

(2) State-owned enterprises have not fulfilled their promise and have been inefficient; and

(3) Incentives must be stressed

The neoclassical approach is criticized on the grounds that markets in developing countries, when they exist, are far from perfect and cannot be made perfect by any simple formula

You might be interested in
Does rum drinking cause church building?
sattari [20]
No, i do not believe that rum drinking cause church building.
There is no direct correlation between an increase in rum consumption with people actually building a a church.
The act of drinking alcohol actually might lower your brain's response that could potentially increase the risk of accidents in construction sites
4 0
3 years ago
Time Between Civilizations. Suppose that there are 100 billion stars in the Milky Way Galaxy, that 1 in 1 million stars gets a c
kumpel [21]

We are alone living in this universe. So far we have not yet detected any civilization other than Earth. But assume that the possibility of having a civilization in a star in the Milky Way Galaxy over 5 billion years is 1 in million. We are going to find the time separation of each civilization if our galaxy has 100 billion stars.

The number of stars in the galaxy  

The possibility of stars having civilization

It is not possible to make radio contact with another civilization, because our technology did not come to this far yet.

5 0
3 years ago
Whats more activity 3
rewona [7]

Answer:

really bro look at it plz

6 0
3 years ago
What What roles can you play to minimize corruption? Write in points. Why is corruption regarded as social crime? Elucidate with
Mamont248 [21]
  • We define corruption as the abuse of entrusted power for private gain. Corruption erodes trust, weakens democracy, hampers economic development and further exacerbates inequality, poverty, social division and the environmental crisis.
6 0
3 years ago
Please, you can me help me with answers. Thanks
Gnoma [55]
Every animal that eats is a consumer. and every plant is a producer. In these chains, the first two pictures are consumers because they are eating something to survive; it could be another animal or a plant. the last thing in the chain are all plants ( producers).
5 0
3 years ago
Other questions:
  • One chimpanzee watches a second chimpanzee solve a puzzle for a food reward. The first chimp then imitates how the second chimp
    11·2 answers
  • How does an author use repetition to show the traits of a heroic character
    8·2 answers
  • Where would you look in u.s. schools to find courses in which men outnumber women?
    14·1 answer
  • Why do markets produce too few public goods for consumption??
    8·2 answers
  • Which of the following is an example of explicit knowledge? Select one: a. Juan learned to drive a car at the age of 16, and now
    13·1 answer
  • d) Imagine this neuron is stimulating the ocular muscle that can move your eye at very fast rates and hence fires at the rate of
    11·1 answer
  • Select the correct answer.
    12·2 answers
  • How gender inequality could contribute to sexual abuse​
    7·1 answer
  • Federalism definition IN YOUR OWN WORDS BRAINLIEST WILL BE MARKED!!!
    14·2 answers
  • Find the name of the countries which have adopted the federal system of government. And write some of them . ​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!