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Table 2.2 Evolution of development theory
Time guide
Development paradigms
Selected theoretical approaches
or models
Key concepts/strategies
1950s and 1960s
Modernisation
Stages
Societies pass through similar development stages
as Western countries
Diffusion
Spread of growth impulses from developed
areas; growth poles; trickle down effect; state
involvement; regional economic development
1950s and 1960s
Dependency
Neo-colonialism
Under-development caused by exploitation by
developed countries; Western cultural infl uence
Dualism
Poverty is functional to global economic growth;
rich and poor - between countries and within
countries, regional inequalities
Structuralism
Domestic markets; import substitution; social
reforms; protectionism; state involvement
Mid-1970s and 1980s
Economic neoliberalism
Free market
Supply side macroeconomics; free competitive
market; privatisation, globalisation; Washington
Consensus
Structural adjustment
Focus on market forces and competitive exports
One world
New world fi nancial system; deregulation
internationalisation of production
1970s and early 1980s
Alternative development
Basic needs
Priorities of food, housing, water, health and
education
Grass roots
People-centred development; local control
of decision making; empowerment; non-
governmental organisations (NGOs)
 
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