October 07, 2016

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Development approaches in developing countries

Concerning the concept of development, the standard of living of the mass of the population in developing countries is singled out as the key issue in development. The development of income per capita over time and the factors, which have influence over economic development of stagnation are important topics. Nevertheless, the interplay between economic factors and non-economic factors is of great importance for people to understand the dynamics of socio-economic development, for economic development cannot be explained simply by economic factors. Matter-of-factly, the development concept includes more than mere changes in economic indicators.
When the issues surrounding development are discussed, there are two approaches in general (Myint 1980): the fight against poverty and the analysis of long-term economic and social development.
The former approach concentrates upon the problems of widespread poverty, hunger and misery as well as upon the question of what can be done in order to realise plans for improvement in the short term whereas the latter approach focuses upon comparing developments in different countries, regions and historical periods in order to better understand the factors, which have long-term effects upon the dynamics of socio-economic development.
One characteristic of the former approach is a strong involvement with the problems of developing countries and their inhabitants. This approach is closely linked with development policies and strategies at local, regional, national and international levels. On the other hand, the long-term approach emphasises that economic growth in its modern form is closely linked with the economic development of Western countries (Landes, 1998) (Maddism, 2001). Such being the case, the history of economic development of prosperous European and North American countries will often serve as a point of reference in making contrastive analyses of the experiences of developing countries. This is not merely to advocate the copying of Western solutions by developing countries. It is rather hoped to gain an insight into the similarities and differences in development processes.
To sum up, the choice between the said two approaches is not a matter of all or nothing. Both are important.


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