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Development, Theories of

This entry provides a brief critical history of theories of development by reference to modernization, development theory, postdevelopmentalism, and sustainability. It focuses on recent theories of economic development within the context of globalization that highlight human capital theory and the role of education, and it examines the free-market ideology of neoliberalism in relation to development. The entry also introduces readers to the recent paradigms of the knowledge, creative, and innovation economies and examines alternative development possibilities of open science and open development.

Origins

Theories of development have been a major feature of modernization and globalization theory since the end of World War II, aimed at the development of a higher quality of life for humans and encompassing aspects of foreign aid, poverty reduction, gender equality, information ...

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