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Models of Development

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 or Rostow’s Development Model.

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Models of Development

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  1. Models of Development

  2. What’s a model ??? • A model is the “standard” • Serves as a basis for comparison

  3. Models We’ve Studied… • Demographic Transition Model • Epidemiological Transition Model • Ravenstein’s laws of migration

  4. International Trade ModelorRostow’s Development Model

  5. Stage 1: Traditional Society

  6. Stage 2: Pre-Conditions for take-off: Initial Investment

  7. Stage 3: Take-Off: Initial Success

  8. Stage 4: Drive to Maturity: Technology Diffuses

  9. Stage 5: Age of Mass Production: Shift to Consumer Good Production

  10. The Four Asian Dragons • South Korea • Singapore • Hong Kong • Taiwan

  11. Problems with Rostow

  12. Self-Sufficiency Model

  13. India

  14. Self-Sufficiency Problems

  15. Financing Development

  16. Neocolonialism • The economic control of LDCs by MDCs • IMF/World Bank are criticized for this as well as corporations owned by MDCs

  17. Core-Periphery • MDCs = core • LDCs = periphery • Pg. 302

  18. Microcredit • Very small loans given to impoverished borrowers (in LDCs) to assist in economic development. • The Grameen Bank

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