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Traditional and new models of development

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A paper which compares the traditional perspective of development with the newer economic view, which moves away from an emphasis on growth alone, and looks instead at the issues from a much broader perspective, which approaches the problem from the standpoint of improving quality of life, rather than just levels of income. Bibliography lists 1 source.

Page Count:

3 pages (~225 words per page)

File: JL5_JL2devnt.rtf

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Unformatted sample text from the term paper:

according to levels of per capita income in order to assess the overall well-being of the population. In addition, concepts of development have almost invariably focused on industrialisation, with the aim of increasing manufacturing and reducing dependence on agriculture: the benefits of these structural changes were expected to "trickle down" to the majority of the population, either by directly improving employment opportunities or indirectly, as a result of the countrys improved economic status. As Todaro and Smith (2006) point out, economic growth was always seen as a priority, whilst other problems faced by developing countries - discrimination, unemployment, poverty - were seen as secondary. The assumption was that if economic growth could be encouraged, then these issues would either resolve themselves as a result, or could be addressed later. During the 1950s and 1960s, however, it became evident that even when poorer countries did contrive to reach their growth targets, this did not necessarily mean that all other problems were automatically resolved: despite acceptable growth rates, people were still living in poverty. Nor did high growth rates in the rest of the world have a "trickle down" effect on a global level; as Todaro and Smith state, whilst countries such as the UK were undergoing an economic boom in the latter part of the twentieth century, many parts of sub-Saharan Africa were still trapped in dire poverty. The new economic view of development therefore moved away from this strong emphasis on growth alone, and looked instead at the issues from a much broader perspective, one which approached the problem from the standpoint of improving quality of life, rather than just levels of income. Todaro and Smith cite the World Bank as asserting that higher income levels are ...

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