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Briefly explain what term development means

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Briefly explain what the term 'development' means. Identify and explain at least 4 ways of measuring development. Which of these, if any, is the most important measure? Explain why, in your view, this is the case. Next, explain the theories of modernization and neo-modernization (also known as post-materialist theory) in terms of three of their most important characteristics. How do their respective theorists understand economic development? In the case of each of these theories, discuss at least two ways. Which theory do you find more plausible and why? If neither, explain why.

Reference no: EM133404508

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