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Unit 6 Economics of Development
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The Concept of Development Economies at Different Stages of Development Theories and Models linked to Development - The content and limitations of models and theories linked with development. - Absolute and comparative advantage - the basis for trade, gains from trade and the role of trade in development. - Rostow’s model - the stages of growth. - The Harrod-Domar model - the role of saving and investment. - Lewis’ model - the role of structural change. - Dependency theory – relationships and links between developed and developing economies and regions. - Balanced and unbalanced growth theory - the approach to industrialisation. Problems of Developing Economies Policies to Promote Development |