Match the economic development theory to the correct definition. (There is a extra one to throw us off)
Separates countries into core, periphery, and semi-periphery according to level of economic development.
Rostow's five stages of development
Rooted in the belief that capitalism drives development if appropriate reforms are made to encourage free markets and competition
Development is a relational process (not a series of stages) and is linked to international trade relationships.
Choices:
A. The classical model of development
B. Dependency theory
C. Neoliberal model of development
D. World-system theory
E. Marxist model of development
1) D) world system Theory
its based on three kinds of countries
• core • peripheral • semi peripheral
2) A) classical model of development
3) C) neo liberal model of development
If markets are free & open, then capitalism help countries to develop
4) B) dependency theory
Match the economic development theory to the correct definition. (There is a extra one to throw...