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A Theory of Sustainable Sociocultural and Economic DevelopmentMeaning of Development

A Theory of Sustainable Sociocultural and Economic Development: Meaning of Development [Development is basically an economic concept that has positive connotations; it involves the application of certain economic and technical measures to utilize available resources to instigate economic growth and improve people’s quality of life. In the 1950s and 1960s, development was largely referred to as economic growth, which meant a quantitative rather than qualitative change in economic performance. Consequently, development theories were designed to activate and accelerate the process of economic growth and move developing nations along the path charted by the industrial ones of the West, from relying primarily on agricultural activity to relying primarily on industrial production and trade. It is worth mentioning, however, that since my days as a graduate student, I have argued that the “economic development” concept was misconceived from the begin-ning. No plan or amount of money can develop an economy if it leaves out culture, which governs the attitudes and the ways of thinking of the people who would be managing the proposed development strategies and programs.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Theory of Sustainable Sociocultural and Economic DevelopmentMeaning of Development

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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-88759-0
Pages
7 –15
DOI
10.1007/978-1-137-57952-2_2
Publisher site
See Chapter on Publisher Site

Abstract

[Development is basically an economic concept that has positive connotations; it involves the application of certain economic and technical measures to utilize available resources to instigate economic growth and improve people’s quality of life. In the 1950s and 1960s, development was largely referred to as economic growth, which meant a quantitative rather than qualitative change in economic performance. Consequently, development theories were designed to activate and accelerate the process of economic growth and move developing nations along the path charted by the industrial ones of the West, from relying primarily on agricultural activity to relying primarily on industrial production and trade. It is worth mentioning, however, that since my days as a graduate student, I have argued that the “economic development” concept was misconceived from the begin-ning. No plan or amount of money can develop an economy if it leaves out culture, which governs the attitudes and the ways of thinking of the people who would be managing the proposed development strategies and programs.]

Published: Dec 29, 2015

Keywords: Social Trust; Traditional Society; Societal Development; World Concept; Sociocultural Environment

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