DEVELOPMENTALISM Meaning and
Definition
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Developmentalism is an economic and political ideology that emphasizes the importance of promoting economic growth and development as a means to improve living standards and social well-being. It is a comprehensive approach to managing economic progress and encompasses various strategies and policies to foster economic growth, such as industrialization, urbanization, and technological advancements.
The core principle of developmentalism is the belief that economic growth leads to social progress, poverty reduction, and increased quality of life. This ideology assumes that through sustained economic development, a country can overcome challenges such as unemployment, poverty, and inequality, enhancing the overall well-being of its population.
Developmentalism typically involves the active role of the state in shaping and directing economic policies. Governments may engage in extensive planning, regulation, and coordination of economic activities, as well as invest in key sectors like infrastructure, education, and healthcare to foster development. The state also often supports domestic industries through protectionist measures or subsidies to promote industrialization and boost local production.
Additionally, developmentalism emphasizes the importance of self-reliance and reducing dependence on foreign imports and aid. It encourages countries to develop their own industries and capabilities to become more self-sufficient. This ideology is often associated with strategies such as import substitution industrialization (replacing imports with locally produced goods) and export-oriented industrialization (focusing on export-led growth).
Overall, developmentalism represents an approach that prioritizes economic development as a means to achieve broader societal goals, striving for sustainable growth, social equity, and improved living conditions.
Common Misspellings for DEVELOPMENTALISM
- sevelopmentalism
- xevelopmentalism
- cevelopmentalism
- fevelopmentalism
- revelopmentalism
- eevelopmentalism
- dwvelopmentalism
- dsvelopmentalism
- ddvelopmentalism
- drvelopmentalism
- d4velopmentalism
- d3velopmentalism
- decelopmentalism
- debelopmentalism
- degelopmentalism
- defelopmentalism
- devwlopmentalism
- devslopmentalism
- devdlopmentalism
- devrlopmentalism
Etymology of DEVELOPMENTALISM
The word "developmentalism" is derived from the word "development", which originates from the Latin word "developpare". The Latin term can be broken down into two parts: "de" meaning "down" or "away", and "velupare" meaning "to unwrap" or "to unfold". Hence, the concept of development is associated with unwrapping or unfolding something.
"Developmentalism" refers to an ideological perspective or policy approach that emphasizes and promotes economic and social development. It typically involves strategies and initiatives to foster economic growth, modernization, and improvements in living standards within a society or a country.
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