Traditional Development Theory

Graeme Snooks

Chapter 6 in Global Transition, 1999, pp 107-125 from Palgrave Macmillan

Abstract: Abstract Despite massive scholarly attention devoted to the issue of underdevelopment over the past fifty years, it remains a daunting problem. This dilemma raises questions about the intellectual and practical significance of traditional development theory. In particular we wish to know whether this body of ideas constitutes a general theory of economic development and whether it can resolve the problems of Third-World poverty. These issues are explored in this chapter by considering the nature and scope of existing development theory under four main headings: the productionists; the poverty-trap theorists; the global-polarization theorists; and the institutionalists.1

Keywords: Production Function; Technological Change; Traditional Theory; Traditional Sector; Strategic Pursuit (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98479-6_6

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DOI: 10.1057/9780333984796_6

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