Classic Theories of Economic Growth and Development

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Classic Theories of Economic Growth and Development by Mind Map: Classic Theories of Economic Growth and Development

1. Linear stages of growth model

1.1. Rostow’s Stages of Growth

1.2. Harrod-Domar Growth Model

2. Theories and Patterns of Structural Change

2.1. The Lewis Model of Modern-Sector Growth

3. Neoclassical, free market counterrevolution

3.1. Free market approach

3.2. Public choice approach

3.3. Market-friendly approach

4. The International-Dependence Revolution

4.1. The neocolonial dependence model

4.2. The false-paradigm model