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

orRostow’s

Development Model

Stage 1: Traditional Society

Stage 2: Pre-Conditions for take-

off: Initial Investment

Stage 3: Take-Off: Initial Success

Stage 4: Drive to Maturity: Technology

Diffuses

Stage 5: Age of Mass Production: Shift to

Consumer Good Production

The Four Asian Dragons

• South Korea

• Singapore

• Hong Kong

• Taiwan

Problems with Rostow

Self-Sufficiency Model

India

Self-Sufficiency Problems

Financing Development

Neocolonialism• The economic control of LDCs by MDCs

• IMF/World Bank are criticized for this as well as corporations owned by MDCs

Core-Periphery• MDCs = core

• LDCs = periphery

• Pg. 302

Microcredit• Very small loans given to impoverished

borrowers (in LDCs) to assist in economic development.

• The Grameen Bank