Growth pole is the concentration of technically advanced industries that stimulate economic development in associated businesses and industries. These concentrations… Read More
Lewis and Rostow both focused on rising per capita income as the central measure of growth; they conceived of economic… Read More
Hirschman stressed his point by saying that if a country were ready to apply the doctrine of unbalanced growth, then… Read More
In his Elimination of Dependency suggested process, Warren's main point was; certainly imperialism has led to the creation of a… Read More
Baran conceptualized the causes of underdevelopment in much the same way as his contemporary non-Marxist economists. Read More
Neo-Marxism theories of underdevelopment and dependency appeared during the 1950s, partly as a reaction against the growth and modernization theories,… Read More
One of the distinguish characteristics of developing countries is that their trade tends to be dominated by the export of… Read More
Many economists have recently argued that it is weak institutional structures that are the fundamental causes of underdevelopment because the… Read More
Here are Some characteristics of developing countries that contribute to the low levels of labour productivity and poor economic performance Read More
Introduction Andrea Gunder Frank, like Baran, was interested in identifying the causes of underdevelopment, but unlike his predecessor he did… Read More