Theories of Development (AQA A-Level Sociology): Flashcards

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Theories of Development
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Traditional development meaning

Economic growth, industrialisation, high living standards (e.g. life expectancy, education)

MEDC acronym

More Economically Developed Countries

LEDC acronym

Less Economically Developed Countries

Why development terms are ethnocentric

Define development according to Western ideals and assume Western values are superior

GDP definition

Total economic value of goods & services produced annually

What HDI combines

Economic data with health and education indicators

Marxist view: capitalism serves to...

Maximise profit for owners of means of production

Dependency in development

Underdeveloped countries become reliant on developed nations

Modernisation theory: countries progress towards...

Liberal capitalism in universal stages

Who outlined 5 stages of development (year)?

Rostow (1971)

Neo-liberalism advocates

Minimal government intervention in economic processes

Asian tiger economies examples

Singapore, Hong Kong, South Korea, Taiwan

Key dependency theory proponent (year)

Frank (1967)

Post-development theory founder (year)

Arturo Escobar (1995)

Post-development theory challenges

The entire concept of Western-style development

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