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Modernisation and Radical Approach to Development

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This essay is an attempt to compare the modernization and radical approaches to development and deciding which approach of the two offers a plausible explanation to what is prevailing in LDCs like Zambia. It will start by defining the major concepts which are development, modernization and radical approach, and then it shall proceed to make a full analysis of the two approaches respectively. The advantages and criticism will be given specifically for the two approaches, and it shall evaluate which one is better helping us in understanding the problems faced in less developed countries. Finally a conclusion will be drawn in summation of the topic. …show more content…

Both are critical of free-market capitalism. The Marxist argues that focusing on overall economic growth numbers is a necessary but not sufficient step in pursuing economic development. An underdeveloped economy is defined as one in which the technological levels of one or more sectors of the economy fall below the technological level of the most advanced sector, especially if technology exists that will enable those sectors to be more productive, Sapru (1994:125). The Marxists are advocates of a closed economy. They believe in internally generated development as opposed to export led development. This has resulted in their policies stressing on import substitution industrialization. They see international trade as major culprit to the underdevelopment of the third world countries, Harrison (1988:15). In addressing the cause of underdevelopment, Marxists also focused on the evolution of economic relationships between developed countries and the rest of the world. Developing countries were brought into the international economy to serve two purposes: firstly is to supply cheap raw material and secondly is to purchase finished manufactured goods from industrialized economies. This gave rise to cooperative economies in developing countries that expanded the primary product export sector at the expense of the industrial sector (Desai and Potter, 2002). The Marxists are

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