Development Models & Economic Growth INTRODUCTION Study Focus This stud

the Obstacles to Economic Development

The theoretical bases for the examination of the obstacles to economic development are considered in two major discussions. The first discussion emphasizes development models, while the concepts of economic growth are reviewed in the second discussion.

There are many ways by which development models may be classified. Development models may be grouped as those that posit a more or less universal transition from a (1) feudal mode of production and social structure to a capitalist one, or (2) traditional type of society, economy and culture, to one that is more modern in its main features.1 In each of these approaches to the analysis of development, the critical importance of the function of elites and of social mobilization are recognized.2 The best indicator of social mobilization is provided by the rate of urbanization.3

There are also the sequence and stage models of development. The two principal varieties of these models are (1) models involving standard stages, sequences, or paths of development, and (2) statements of relationships without welldefined temporal orders. For the most part, theorists have moved away from stages and toward relationships. Thus, most models do not require that a society enter into and complete a predetermined developmental condition. One stage model has been developed, however, that also addresses relationships, and which, if pro

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2.0% Yugoslavia 6.3% 5.4% [Source: Gwartney, Stroup, and Studenmund, 1990, 825] ================================================================= One solution to the problem of surplus human capital is the implementation of policies that permit the free movement of human capital across national borders. While the solution is a good one, it a difficult one upon which to gain widespread agreement. The problems of dualism and, more particularly, of cumulative causation caused some theorists to pursue goals of national economic planning for developing economies. Such planning was viewed as the best way to overcome these obstacles to economic growth and development. In the environment of the early1990s, however, it is quite likely that the rapid population growth in most of the developing economies will have a decidedly adverse impact on the growth and development of these economies. Many models designed to explain and predict economic growth have incorporated a population component. When early models of this type failed to adequately explain economic growth, neoclassical economists developed a model "essentially ignoring any link between population and the econo
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Some common words found in the essay are:
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Approximate Word count = 8191
Approximate Pages = 33 (250 words per page)

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