What is the basic idea behind unbalanced development theories? Discuss Hirschman’s strategy of unbalance.
Unbalanced development theories refer to a set of economic theories that focus on the imbalances in development that exist between different regions or countries. The basic idea behind these theories is that the process of economic development is uneven, and some regions or countries will experience more rapid development than others. This uneven development is seen as a natural outcome of the capitalist system, where resources and investment flow towards areas of high profitability, resulting in a concentration of wealth and power in certain regions.
Unbalanced development theories have their roots in the work of classical economists such as Adam Smith and David Ricardo, who argued that economic growth was driven by the accumulation of capital. However, it was not until the mid-twentieth century that these ideas were developed into a coherent theory of unbalanced development. The most influential of these theories were developed by the dependency school, which argued that underdeveloped countries were dependent on developed countries for investment, technology, and trade, and that this dependency perpetuated their underdevelopment.
The core idea of the dependency school is that economic development is not a linear process, but rather a cyclical one, where underdevelopment is a necessary condition for development to occur in other regions. In this view, the wealth and power of developed countries are dependent on the exploitation of underdeveloped countries, through the extraction of raw materials, cheap labor, and a captive market for their products. As such, the underdevelopment of some regions is seen as a necessary condition for the development of others.
One of the key concepts in unbalanced development theories is the idea of the center-periphery model. This model divides the world ______ ______ _____ _______ _______.
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