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International Relations Theorist With Their Theories And Provided Reading - Essay Example

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An essay "International Relations Theorist With Their Theories And Provided Reading" claims that theorists have sought to explain the levels of poverty and slow growth of poor countries. It cites five theorists in explaining the reasons for high poverty levels in countries with slow growth rates…
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International Relations Theorist With Their Theories And Provided Reading
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Download file to see previous pages The theory adds that poor countries cannot achieve riches due to inadequate natural resources. A nation’s economic growth is limited in the case it runs out of financial resources such as fertile land. All the resources are termed as incapable of increasing productive capacities of an economy. Developing nations have excessive populations. The serious shortage of capital and land is common, and it leads to damaging implications. With lesser lands, cultivation encounters a significant fall in activities that are the major sources of income for poor countries. Farmers are not able to reap benefits of their inputs as lands are fragmented through government enforcement or inheritance to ensure social fairness in society. The other issue is acute levels of food shortage. These elements, as highlighted in Lewis Theory of Development model, hinder economic growth while leading to economic problems such as starvation. The second theory is Chenery’s Patterns of Development. The ideology illustrates those empirical analysts in structural change identify patterns of historical under-development against non-Western nations. The approach contrasts with Rostow’s application as they do not take the assumption that savings and investments increases are sufficient in producing economic growth. Even as savings and investment are perceived as necessary conditions for enhancing growth, alternative changes within the structures of any country are necessary for transitioning from traditional economies to modern ones.2 From this, lack of skilled human capital is a hindrance. Poor nations have minimal budgetary allocations to sectors of education and health. ...Download file to see next pagesRead More
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