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    CBM 122

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    aubrey ledesma
    The document discusses several economic models related to development: 1. The Harrod-Domar model focuses on the role of capital investment and posits a relationship between GDP growth rate, national net savings rate, and capital-output ratio. 2. International dependence models view developing nations as constrained by local and international factors and locked in a dependent relationship with wealthy nations. Some argue for public ownership to reduce poverty and inequality. 3. There are three approaches within this model: the neocolonial dependence model relates to Marxism and inequality between developed and developing nations. The false paradigm model argues inappropriate development strategies were used. The dualistic development thesis describes a coexistence of desirable and undesirable phenomena between rich and

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    CBM 122

    Uploaded by

    aubrey ledesma
    62 views1 page
    The document discusses several economic models related to development: 1. The Harrod-Domar model focuses on the role of capital investment and posits a relationship between GDP growth rate, national net savings rate, and capital-output ratio. 2. International dependence models view developing nations as constrained by local and international factors and locked in a dependent relationship with wealthy nations. Some argue for public ownership to reduce poverty and inequality. 3. There are three approaches within this model: the neocolonial dependence model relates to Marxism and inequality between developed and developing nations. The false paradigm model argues inappropriate development strategies were used. The dualistic development thesis describes a coexistence of desirable and undesirable phenomena between rich and

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    The document discusses several economic models related to development: 1. The Harrod-Domar model focuses on the role of capital investment and posits a relationship between GDP growth rate, national net savings rate, and capital-output ratio. 2. International dependence models view developing nations as constrained by local and international factors and locked in a dependent relationship with wealthy nations. Some argue for public ownership to reduce poverty and inequality. 3. There are three approaches within this model: the neocolonial dependence model relates to Marxism and inequality between developed and developing nations. The false paradigm model argues inappropriate development strategies were used. The dualistic development thesis describes a coexistence of desirable and undesirable phenomena between rich and

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    62 views1 page

    CBM 122

    Uploaded by

    aubrey ledesma
    The document discusses several economic models related to development: 1. The Harrod-Domar model focuses on the role of capital investment and posits a relationship between GDP growth rate, national net savings rate, and capital-output ratio. 2. International dependence models view developing nations as constrained by local and international factors and locked in a dependent relationship with wealthy nations. Some argue for public ownership to reduce poverty and inequality. 3. There are three approaches within this model: the neocolonial dependence model relates to Marxism and inequality between developed and developing nations. The false paradigm model argues inappropriate development strategies were used. The dualistic development thesis describes a coexistence of desirable and undesirable phenomena between rich and

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    1.

    The Harrod-Domar model model is aligned with the traditional approach, or the linear stages
    of growth model, wherein its measurements of a developed country are quantity based, like
    allowing actual savings, investments, and other foreign relations within the country. This model
    focused on the role of capital investment which stresses the importance of having more assets as
    a basis for economic growth. Consequently, it posits a relationship with the GDP growth rate: it
    is directly proportional to the national net savings (s) rate and inversely proportional to the
    national capital-output ratio (c).
     
    2. In essence, international-dependence models consider developing nations as being afflicted by
    local and international, economic, institutional, and political constraints and locked in a
    dependency and dominating relationship with wealthy nations. However, in severe cases, they
    advocate for the complete takeover of privately run assets in the belief that public asset control
    and ownership will be a more effective and efficient means of eradicating absolute poverty,
    expanding opportunities for employment, reducing income disparities, and enhancing the
    standard of living (including education, health, employment, and cultural progressiveness) of the
    masses.

    There are three important approaches within this model:

    The neocolonial dependence model¨ We can relate this approach to Karl Marx's Marxism, in
    which social structure is present like the bourgeoisie and the proletariat. The bourgeoisie here is
    from the developed countries, while the proletariats are the developing countries. We can see
    how the high-income people are more privileged than the middle or low-income class. The
    inequality between both parties is emphasized in this model in which the inability to develop an
    economy was not the result of exploitative or capitalistic forces. Instead, it was primarily the
    result of excessive government involvement and economic regulation.

    The false paradigm model


    ¨ The argument that developing countries have been unable to develop because their
    development strategies (typically provided by Western economic experts) have been based on an
    inappropriate model of development by offering detailed but ultimately deceptive models of
    development that frequently result in improper or incorrect regulations. one that, for instance,
    overemphasizes capital accumulation or trade liberalization without taking into account
    necessary social and institutional change. 

    The dualistic development thesis.


    ¨ Coexistence of two situations or phenomena (one desirable and the other undesirable) that are
    collectively exclusive to distinct groups of a society of rich nations and poor nations, such as
    absolute poverty and relative wealth, contemporary and traditional economic sectors, growth and
    economic decline, and higher education for a select few amidst widespread illiteracy.
     
     
     

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