POL330Y1 Lecture 5: Development acontested concept_table (1)
11 Jun 2019
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Document Summary
The orthodox view: poverty: a situation suffered by people who do not have the money to buy food and satisfy other basic material needs, solution: transformation of traditional subsistence economies defined as. "backward" into industrial, commodified economies defined as "modern". Individuals sell their labour for money, rather than producing to meet their family"s needs: core ideas and assumptions: the possibility of unlimited economic growth in a free market system. Wealth is said to trickle down to those at the bottom. All layers of society benefit thought a trickle-down" mechanism when the superior "western" model is adopted: measurement: economic growth; gross. Domestic product (gdp) per capita: industrialization, including agriculture: process: top-down; reliance on external. Large capital investments in large projects; advanced technology; expansion o the private sphere.
