Regional Development Theories-Boudeville and Hirschman՚s Trickle down and Polarization YouTube Lecture Handouts

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Regional Development Theories - Boudeville and Hirschman՚s Trickle down and Polarization

Regional Development Theories

  • Regional development is the provision of aid and other assistance to regions which are less economically developed.
Major Theories

Theories of Convergence & Divergence

According to Morrell 2012,

Convergence theory: Holds that as national boundaries are tough in the political, technological and business arenas.

Thus too local differences in culture will be eroded, with the end result being one ‘global’ culture.

Divergence theory: In this theory cultural diversity will persist or even be reinforced by the rejection of superficial commonality.

Divergence on economic and social levels of regional development can observed in both developing countries and developed countries.

Convergence & Divergence

Theories of Divergence – Cumulative Causation

  • Myrdal
  • Kaldor
  • Dixon & Thirlwall

Theories of Divergence – Growth Pole Theory

  • Perroux (DONE)
  • Boudeville
  • Hirschman
  • Friedman (DONE)

Theories of Convergence – Cumulative Causation

  • Export Base Theory – (DEMAND)
  • Neoclassical Exogenous Growth Theory – (SUPPLY)

Theories of Convergence – Cumulative Causation

  • Myrdal
  • Kaldor
  • Dixon & Thirlwall

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