Regional Development Theories-Boudeville and Hirschman's Trickle Down and Polarization YouTube Lecture Handouts

Glide to success with Doorsteptutor material for UGC : Get detailed illustrated notes covering entire syllabus: point-by-point for high retention.

Get video tutorial on: https://www.YouTube.com/c/Examrace

Loading videoβ€’β€’β€’

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.

Image of Major Theories

Image of Major Theories

Loading imageβ€’β€’β€’

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 β€˜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 and Divergence

Convergence and Divergence

Loading imageβ€’β€’β€’

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