7.5 MCQs Theories of Development

Group 1

• A society characterized by mass consumption and a high standard of living.
• A society focused on agricultural production and subsistence farming.
• A society beginning to develop infrastructure and industrialization.
• A society experiencing rapid industrial growth and urbanization.
• A society in the early stages of economic development.

• It assumes all countries will follow the same path of development.
• It accurately predicts the economic future of all countries.
• It focuses too much on the role of colonialism in economic development.
• It overemphasizes the importance of agricultural development.
• It ignores the role of global trade in economic growth.

Group 2

• They are highly industrialized and economically dominant.
• They rely heavily on agricultural exports.
• They are newly industrialized and rapidly growing.
• They have limited access to global markets.
• They are primarily focused on subsistence farming.

• It does not account for the rise of semi-peripheral countries.
• It suggests that peripheral countries cannot improve their status.
• It accurately predicts the economic future of all countries.
• It overemphasizes the role of technology in development.
• It ignores the historical context of colonialism.

Group 3

• Historical exploitation by core countries.
• Lack of natural resources.
• Over-reliance on technology.
• Cultural differences.
• Geographical isolation.

• It highlights the ongoing effects of colonialism on economic development.
• It assumes all countries will eventually become developed.
• It focuses solely on internal factors affecting development.
• It provides a clear path for economic growth for all countries.
• It ignores the role of global trade in economic growth.

Group 4

• Vulnerability to fluctuations in global commodity prices.
• Over-reliance on technology for economic growth.
• Lack of access to international markets.
• Excessive diversification of their economies.
• Rapid industrialization and urbanization.

• It does not account for the role of industrialization in economic growth.
• It assumes all countries will eventually become developed.
• It focuses solely on internal factors affecting development.
• It provides a clear path for economic growth for all countries.
• It ignores the historical context of colonialism.

Group 5

• Dependency theory.
• Rostow’s Stages of Economic Growth.
• Wallerstein’s World Systems Theory.
• Commodity dependence.
• Modernization theory.

• Dependency theory.
• Rostow’s Stages of Economic Growth.
• Wallerstein’s World Systems Theory.
• Commodity dependence.
• Modernization theory.