Mikhaela J.

Riego de Dios

BSED SS 3-1

Learning Asynchronous Activity #2

Objectives:

1. compare the different theories of development.

2. identify some strengths as well as weaknesses of each of the different theories.

Task:

Using the data matrix table Identify the key concepts, strengths, and weaknesses of each theory of
economic development.

Development Theories Key Concepts Strength Weaknesses

A. Evolutionary Theory The theory of It explains why certain One statement of Charles
evolution follows the animals/species is Darwin which he stated
concept of Charles different from their that “Evolution happens
Darwin called “Naturalancestors. For example, is very slowly in a matter of
Selection”. He the difference between long periods of time” are
theorizes that fossils that dates back already proven to be false.
organisms or species thousand to a Million Darwin’s theory is also
inherit trait from their years ago to the fossils of stern in one mechanism,
ancestors and some animals in the modern the natural selection as the
traits are beneficial in day. It explains why these correct theory for
helping them survive changes has to take place evolution. Causing other
in their habitat or it is due to the fact that theories to not be tested for
environment, wherein environmental and habitat credibility.
the more beneficial changes occurred in
traits continue to be certain points in our
passed on and evolves planet’s history. This is
even further while the also backed up by
less beneficial ones evidences from genetics,
become less common. biochemistry, physiology,
Leading to a species ecology, animal behavior
well suited/well- (ethology), and molecular
equipped to live in biology where it shows
their given habitat. how different species
adapt from their habitat
or environment.
B. Folk-Urban Continuum Redfield states that the This explains the The theory suffers from
shift from folk, rural tochanges in behaviour, generalization where it
urban is not sudden or values, belief, mentality, assumes that all societies
abrupt. Instead, is a cultures, and tradition will undergo the similar
continuous transition that can be seen fates. Not factoring the
marked by the changesthroughout the years and societies that survived the
in the lifestyle, values, still continuing to change tides of changing tides.
social structure, the and adapt in accordance One example are the ethnic
Modernization, and to the evolving and tribes that still keeps and
globalization that is advancing human believes in their tradition
brought upon by the civilization. It explains and cultures.
changes in technology why persons in today’s
 and culture. day and age are more It also does not consider
focused in their personal the reverse phenomena
growth rather than having where certain societal
a close-knit relationship. groups or individual
Why industries have deviate from urban
already taken over the practices and chooses to
workforce while farming, live in rural and folk
artisanal crafts have taken mediated places or society.
a backseat in popularity.
And how complex and
diverse social structures
are today in comparison
to simple and
homogenous ones back in
the day.
C. Linear-Stages Theory This theory views the It is an appropriately It is a foolproof plan this
process of designed addition of only takes into account that
development as a capital coupled with development can be
series of successive public intervention. This achieved through a basic
stages of economic will lead to sequence of stages where
growth brought upon industrialization and all countries will go
by industrialization. A economic development of through which in itself is
mixture of investment, a developing nation. doubtful, it also neglects
foreign aid, and the social structure that
saving. needs to be present in order
to foster and initiate the
said development.
D. Structural It states that the It is a theory that It does not take into
Functionalism Theory various parts of societyemphasizes camaraderie account individualism how
work together in order and teamwork. It one person can do so much
to keep the society emphasizes solidarity and as to change a society. It
working together togetherness in order for also does not help with the
much like an organ a group to function with a ever-present conflicts such
system works to keep set task or responsibility as prejudice, oppression,
a person alive. while working towards and such. It is blindsided
the same goal. It assumes by the assumption that
that each institution, every team, family, group,
brotherhood, company, and company work
group, etc. serves a harmoniously and steadily.
purpose and is
indispensable for a
continued existence of the
society overall.
E. Conflict Theory It states that order is It explains the power It assumes that everyone
being maintained by dynamic that is makes decision that will
domination and power happening even in the only benefit themselves, it
not by conformity and modern age: It can be also employs a negative
democracy. seen through the perception in regards to
hierarchy in the being in a societal
workforce even in relationship with others. It
politics. Showing normalizes the negative
inequality as its root. view of society rather than
creating a solution for it.
F. International- The reliance of poor or It provides an insight on It is a remnant of
Dependence Revolution developing countries how poor/developing colonialism. It views the
to rich countries due tocounties initiate and developing countries/poor
institutional, political, sustain its people and countries as troubles or an
and economic society despite the opportunity for them to
challenges and challenges and poverty. benefit from their
poverty. resources and products. It
sets a dominant force
where it can manipulate
the dependent ones into
making decision more
beneficial to the dominant
countries.
G. Neo Classical Counter It promotes free It gives owners reign on It assumes that consumers
Revolution markets, dismantle thetheir market in regards to and owners will be rational
public ownerships, andsupply, and costs. It frees even without a strict
government the market from the government intervention or
regulations around control of the state. regulations. It opens the
market. It emphasized Leading to a more open market for exploitation,
that the inability to international trading. power-tripping, and being
develop an economy is taken advantage of by
the result of excessive those in power, or holds a
government high command or rank in
involvement and its terms or trade or
regulations. marketing.
H. New Growth Theory It believes that a It gives an emphasis on Knowledge is not
people’s wants and knowledge in regards to something that can be
needs drives their marketing, business, easily shared and be easily
decision making in economy and such as attained by everyone. The
terms of purchasing well as being a well- theory does not account the
and investing. It rounded and well- different knowledge that
believes that wants andinformed individual in the every individual possess. It
needs are the driving financial and economical only assumes knowledge
force of economy. marketplace puts you in as a valuable tool and not
an advantage. And this how to sharpen, and widen
knowledge can become it. It also undermines the
an asset than be role of the government and
continually grown and institutional policies in
sharpen. Thus, making promoting economic
human capital a key point advancement.
in achieving the
maximum growth of
economy.