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Development Theory
Development theory is a collection of theories about how desirable change in society is best achieved. Such theories draw on a variety of social science disciplines and approaches. In this article, multiple theories are discussed, as are recent developments with regard to these theories. Depending on which theory that is being looked at, there are different explanations to the process of development and their inequalities. Modernization theory Modernization theory is used to analyze the processes in which modernization in societies take place. The theory looks at which aspects of countries are beneficial and which constitute obstacles for economic development. The idea is that development assistance targeted at those particular aspects can lead to modernization of 'traditional' or 'backward' societies. Scientists from various research disciplines have contributed to modernization theory. Sociological and anthropological modernization theory The earliest principles of moder ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theory
A theory is a rational type of abstract thinking about a phenomenon, or the results of such thinking. The process of contemplative and rational thinking is often associated with such processes as observational study or research. Theories may be scientific, belong to a non-scientific discipline, or no discipline at all. Depending on the context, a theory's assertions might, for example, include generalized explanations of how nature works. The word has its roots in ancient Greek, but in modern use it has taken on several related meanings. In modern science, the term "theory" refers to scientific theories, a well-confirmed type of explanation of nature, made in a way consistent with the scientific method, and fulfilling the criteria required by modern science. Such theories are described in such a way that scientific tests should be able to provide empirical support for it, or empirical contradiction (" falsify") of it. Scientific theories are the most reliable, rigorous, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Rate
Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs. In terms of personal finance, saving generally specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is a lot higher; in economics more broadly, it refers to any income not used for immediate consumption. Saving does not automatically include interest. ''Saving'' differs from ''savings''. The former refers to the act of not consuming one's assets, whereas the latter refers to either multiple opportunities to reduce costs; or one's assets in the form of cash. Saving refers to an activity occurring over time, a flow variable, whereas savings refers to something that exists at any one time, a stock variable. This distinction is often misunderstood, and even professional economists ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kurt Mandelbaum
Kurt Mandelbaum (13 November 1904 – 28 September 1995) was a German-British economist well known for his pioneering contribution in the field of the economics of development. Kurt Mandelbaum (also known as Kurt Martin) was one of a group of emigre economists from Central Europe who played a large role in founding the discipline of development economics in the UK, during and shortly after World War II. In general these economists doubted the usefulness of neoclassical economics with its presumptions of smoothly operating markets and saw the role of the state as being key to the development process. The industrialization debates in the USSR in the 1920s were their starting point. In his youth Mandelbaum was involved with leftist politics and had several years at the Frankfurt School for Social Research. During the war worked with allied intelligence and subsequently joined the Oxford Institute of Statistics. Whilst at Oxford he undertook his study of the problems of recovery i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ragnar Nurkse
Ragnar Wilhelm Nurkse (, Käru, Estonia (then Russian Empire) – 6 May 1959, Mont Pèlerin, Switzerland) was an Estonian-American economist and policy maker mainly in the fields of international finance and economic development. He is considered the pioneer of Balanced Growth Theory. Life Ragnar Nurkse was born in Käru village, Governorate of Livonia of the Russian Empire (now in Türi Parish, Järva County, Estonia), son of an Estonian father who worked himself up from lumberjack to estate manager, and an Estonian-Swedish mother. His parents emigrated to Canada in 1928. After finishing primary school, Nurkse attended the ''Domschule zu Reval'' in Tallinn, the most prestigious, German-language secondary school in the city, from where he graduated with higher honors in 1926. He continued his education at the law and economics' departments of the University of Tartu in 1926–1928, and then in economics at the University of Edinburgh. He graduated with a first class degr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Rosenstein-Rodan
Paul Narcyz Rosenstein-Rodan (1902–1985) was an economist of Jewish origin born in Kraków, who was trained in the Austrian tradition under in Vienna. His early contributions to economics were in pure economic theory – on marginal utility, complementarity, hierarchical structures of wants and the pervasive Austrian School issue of time. Rosenstein-Rodan emigrated to Britain in 1930, and taught at University College London and then at London School of Economics until 1947. He then moved to the World Bank, before moving on to MIT, where he was a professor from 1953 to 1968. He is the author of the 1943 article "Problems of Industrialisation of Eastern and South-Eastern Europe" – origin of the “ Big Push Model” theory – in which he argued for planned large-scale investment programmes in industrialisation in countries with a large surplus workforce in agriculture, in order to take advantage of network effects, viz economies of scale and scope, to escape the low level e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Structures
In the social sciences, social structure is the aggregate of patterned social arrangements in society that are both emergent from and determinant of the actions of individuals. Likewise, society is believed to be grouped into structurally related groups or sets of roles, with different functions, meanings, or purposes. Examples of social structure include family, religion, law, economy, and class. It contrasts with "social system", which refers to the parent structure in which these various structures are embedded. Thus, social structures significantly influence larger systems, such as economic systems, legal systems, political systems, cultural systems, etc. Social structure can also be said to be the framework upon which a society is established. It determines the norms and patterns of relations between the various institutions of the society. Since the 1920s, the term has been in general use in social science, especially as a variable whose sub-components needed to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marxism
Marxism is a left-wing to far-left method of socioeconomic analysis that uses a materialist interpretation of historical development, better known as historical materialism, to understand class relations and social conflict and a dialectical perspective to view social transformation. It originates from the works of 19th-century German philosophers Karl Marx and Friedrich Engels. As Marxism has developed over time into various branches and schools of thought, no single, definitive Marxist theory exists. In addition to the schools of thought which emphasize or modify elements of classical Marxism, various Marxian concepts have been incorporated and adapted into a diverse array of social theories leading to widely varying conclusions. Alongside Marx's critique of political economy, the defining characteristics of Marxism have often been described using the terms dialectical materialism and historical materialism, though these terms were coined after Marx's death and their tenet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walt W
Walt is a masculine given name, generally a short form of Walter, and occasionally a surname. Notable people with the name include: People Given name * Walt Arfons (1916-2013), American drag racer and competition land speed record racer * Walt Bellamy (1939-2013), American National Basketball Association player, two-time Basketball Hall of Fame inductee * Walt Bellamy (ice hockey) (1881-1941), Canadian hockey player * Walter Blackman, American member of the Arizona House of Representatives * Walt Bowyer (born 1960), American former National Football League player * Walt Brown (politician) (born 1926), American politician * Walt Clago (1899-1955), American football player * Walt Corey (born 1938), American former National Football League player * Walt Disney (1901-1966), American film producer, director, screenwriter, voice actor, animator, entrepreneur and philanthropist * Walt Dropo (1923-2010), American Major League Baseball and college basketball player * Walt Frazier (bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rostow's Stages Of Growth
Rostow's stages of economic growth model is one of the major historical models of economic growth. It was published by American economist Walt Whitman Rostow in 1960. The model postulates that economic growth occurs in five basic stages, of varying length: # The traditional society # The preconditions for take-off # The take-off # The drive to maturity # The age of high mass-consumption Rostow's model is one of the more structuralist models of economic growth, particularly in comparison with the " backwardness" model developed by Alexander Gerschenkron, although the two models are not mutually exclusive. Rostow argued that economic take-off must initially be led by a few individual economic sectors. This belief echoes David Ricardo's comparative advantage thesis and criticizes Marxist revolutionaries' push for economic self-reliance in that it pushes for the "initial" development of only one or two sectors over the development of all sectors equally. This became one of the i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
