Harrod- Domar model
Another model which is in line with the Neo Classical theories of development is the Harrod Domar model. In this section we will learn about these models […]
Continue reading »Category: Economics
J.S. Mill’s Theory of Development
J.S. Mill has made a significant contribution to the theory of economic development. According to Mill, economic development is a function of land, labour, and capital. He […]
Continue reading »Malthusian Theory of Development
T. R. Malthus pioneered the theory of population and linked it with development. According to Malthus, population growth is the end product of the whole process of […]
Continue reading »The barriers to social change
People naturally resist change – including those who are in dysfunctional situations. One reason is that where we are now is known. For example, we […]
Continue reading »Dimensions of globalization
Globalization is an adjective attached to many things and encompasses more than mere economic globalization. Even however the increasing economic integration of the world’s economies […]
Continue reading »Development initiatives during different five years plans
During pre-liberalization period from 1951 to 1991, India had formulated seven Five Year Plans. The thrust areas and development initiative undertaken during First Five Year […]
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