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Theories of Development

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Vocabulary
English Meaning
Rostow's stages of growth/ˈrɒstəʊz ˈsteɪdʒɪz ɒv ɡrəʊθ/A development model proposing five stages from a traditional economy through take-off and maturity to mass consumption, rather than a universal law of national development.
Wallerstein's world-systems theory/ˈwɒləstaɪnz wɜːld ˈsɪstəmz ˈθɪəri/An approach analysing development through an interconnected world economy and unequal relationships among core, semi-peripheral and peripheral regions.
core/kɔː/The central or most important part of a system or region.
periphery/pəˈrɪfəri/In world-systems analysis, regions occupying a relatively subordinate position in the world economy, often supplying labour or raw materials to more powerful regions.
semi-periphery/ˈsemi pəˈrɪfəri/In world-systems analysis, regions combining some core and some peripheral economic roles and occupying an intermediate position.
dependency/dɪˈpendənsi/In development theory, reliance on more powerful economies through unequal relationships that may constrain a less powerful economy's development.
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