About This Chapter
Theories of Economic Development - Chapter Summary
This chapter covers important theories of economic development. You can review world systems theory in light of both core and peripheral societies. You'll look at examples of dependency theory in sociology, and by the end of this chapter you will be able to:
- Explain the stages of growth in economies developed by Walt Rostow
- Discuss the three-level hierarchy approach of Immanuel Wallerstein's world systems theory
- Use the explanation offered by dependency theory to fill in gaps between other competing theories
Each lesson in this chapter is designed to be taken at your own pace. You can watch the brief, engaging videos or simply click on a term in the timeline below the video to go directly to that concept. Track your progress on your Dashboard to assess your learning outcomes.
1. Walt Rostow's Stages of Growth in Economies
Economist Walt Whitman Rostow developed a theory of stages of economic growth. In this lesson, you'll learn about each of the stages under Rostow's theory. We'll also take a look at some of the criticism of the theory.
2. World Systems Theory: Core vs. Peripheral Societies
World systems theory was proposed by sociologist Immanuel Wallerstein. This lesson discusses the three-level hierarchy approach to economics, which consists of core, periphery, and semi-periphery countries, in the context of global inequality.
3. Dependency Theory in Sociology: Definition & Examples
Not all countries have reached the level of industrialization of the United States and Europe. Dependency theory offers an explanation of this phenomenon. Though out of favor with modern scholars, this theory still helps fill in the gaps between competing theories.
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Other chapters within the AP Human Geography: Exam Prep course
- Introduction to Geography Concepts
- Geographic Maps, Tools and Technology
- Overview of Human-Environmental Interaction
- Population & Migration
- Population & Demographic Changes
- The Components of Culture
- Cultural Identity
- Cultural Geography
- Politics, Nations & Geography
- Land Survey Methods
- Agricultural Revolutions & Domestication
- Agricultural Geography
- Issues in Contemporary Agriculture
- Industrialization & Economic Development
- The World Economy
- Cities & Urban Land Use
- AP Human Geography Flashcards