Development, Industrialization, Growth

Lexicon_Foisy_Lee

References:

Lewis, W. Arthur. Theory of Economic Growth. Routledge, 2013.

Malik , Khalid. United Nations Development Programme, (2013). The Rise of the South: Human Progress in a Diverse World. New York, New York.

Purna C. Samantra “What Helps or Hurts Industrialization: A Review from Economic History” in, Purna Samantra and Raj Kumar Sen Realizing African Development: A Millenial Analysis (CIIDS and IIDS, 2001), pp. 84-103.

Ranis, Gustav, and John CH Fei. “A Theory of Economic Development.” The American Economic Review (1961): 533-565.

Danielle Foisy

3 Comments

  1. Quite the opposite of the previously described development is the quintessentially new-urbanist real estate development models of land considered underperforming from an economic standpoint into condos, high rises, mixed-use residential and commercial neo-urban nodes. Often taking advantage of governmental tax brakes and incentives, real-estate development presents itself as Green, Sustainable, socially motivated etc. Advertising plays a strong role in marketing these projects to encourage a particular type of consumer to support, live and work within them.

  2. I find it interesting to look the historical rise of the term “development” as used in economics and as an academic area of study. Development studies came into popularity in a post-colonial context surrounding the notion that the third world was in need of analysis -social, political, and economic- in order to achieve the ‘developed‘ standards of industrialized and Western countries. With the rhetoric of such development criticized as imperialist, the 50s – late 60s metanarrative of modernization has more popularly been replaced by ideas conjoining ‘corporate social responsibility,’ international development , and economic globalization with notions of safety, prosperity and cooperation between nations.

  3. Industrialization seems pretty straight forward with not as much room for personal interpretation. I am more interested in development and growth because they are so value based. I think a good example is what William Fisher talked about in “Doing Good?” What is good and to whom? He was writing about NGOs, but I think this really applies to these two terms. I think you nailed the definitions how anyone form an industrialized country would define them. I wonder if there could be a sliding value for what development and growth would mean for groups other than an industrialized one. Ivan Illich would have a different view on development and growth. I think he would also have a much more biased and pessimistic view on industrialization because it involves using our interpretation of these terms and imposing them on countries that might have different meanings for them.

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