Development Theory and Impasse Essay Example | Topics and Well Written Essays - 2500 words

Development Theory and Impasse - Essay Example The development theories at that time were based on metanarratives mainly because of the popularity which was contained by Marxists and neo Marxists. The beginning of impasse in development theory occurred when the capitalist system caused the Western development which was considered to be exploitative by nature (Schuurman, 1993). The development impasse is a significant feature of the world economy and global development. This paper is focused on describing the development theories and the impasse in development theories in a detailed manner. It also aims to evaluate the causes of this impasse in development theories. Development Theory Development theory is an aggregate of multiple theories, which aims to propose methods by which a society can be congealed into a developed and progressed form. The development study deals with the ways by which the desirable changes in the society can deliberately be delivered on a social level. There are many theories, which come under the umbrella term of development theory. Some of these theories are: 1. Dependency Theory 2. Modernization Theory Dependency Theory Dependency theory is a set of multiple theories relating to the scope of social sciences. It aims to describe the reasons for the failure of developing countries to develop on the economic field.... ntrols the global economy which creates inequality in power and resources by which the non industrialized countries becomes unable to progress and match to the global economy in spite of the investments by industrialized countries. This is the main argument of dependency theory for the global development (Munck & O'hearn, 1999). Modernization Theory Modernization theory is a development theory which explicates the process by which the industrialized countries become developed. It aims to describe the process of modernization by which societies became developed and industrialized. It emphasizes on advancements in technology and industrialization in order to actualize the development in society. It also incorporates many political and social changes in a society to become a developed society. One of the social changes is the emphasis on the advancement in the institution of education. It actually describes the process by which the industrialized North American societies and the industr ialized societies of Western Europe were developed. It proposes that if a developing country adopts this process of modernization, by which the developed countries were modernized, only then that developing country can be converted into a developed and industrialized society (Munck & O'hearn, 1999). Impasse in Development Theory The impasse in the development theory is largely contributed to the Marxist influence on development sociology. To understand the impasse of development theory, it is important to neutrally attain the core understanding of each theory including dependency theory and Marxist influence on development theory (Booth, 1985). Marxism and Neo Marxism The time period of 1970s and 80s were significantly influenced by Marxist theory and Neo Marxism regarding the development

Project management Essay Example | Topics and Well Written Essays - 1000 words - 6

Project management - Essay Example According to Quinn a company should first of all define and map the various types of development projects. The management in Musimax will have to invest in the commercial and research development projects. So the management will have to put in place cost reduced versions of the existing products. The management will also have to set aside funds for research so as to create the know-how and know-why of new technologies and materials that will eventually lead into development of these products (Quinn, 1985). Q2) .If the management actually want to cut costs by 40% in the next two months it should focus on the following solutions which will be beneficial. According to Macgregor and Carlisle, the management should stop making all the operating decisions for themselves. Instead the management should hold weekly meetings with its subordinates and be informed of what they are doing and how they are dealing with arising issues. Using the above it will be easier to appraise their managerial and technical abilities. Actually this will make them know how to solve problems on their own and it will help save time and thus the company will generate more income probably in less than two months. The other project that the management should focus on in order to cut down costs is always train their employees and making the workplace a learning environment. According to Macgregor when employees are well equipped with knowledge then they will be able to solve problems quickly and thus avoid wastage of ti me. They will also be willing to assist other employees when there arises a problem since this will eventually be beneficial to them. It will help a lot especially when there are vacancies they will be the appropriate candidates to fill the gap instead of wasting money looking for new staff. If the management promotes it own existing staff to fill certain vacancies then it will save a lot on advertisement costs and all the costs required in employment of