BUSINESS INFORM №5-2018

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Section: Economic Theory
UDC 338.12:330.1
Pelekh O. B.
The Evolution of Views on the Factors of Economic Development: Theories of Development «From Above» (p. 8 - 14)
The article is aimed at analyzing how the factors of development of both conception and theory of economic development are considered. The classification that is popular among foreign scholars distinguishes such theoretical conceptions as: theories of development «from above», theories of development «from below», and new theories. The author concentrates on the group of theories, which scholars call «theories of development from above». These theories characterize the universal socio-economic mechanisms of development (neoclassical basic models), explain development as a nonlinear process which is understood as an aggregate of phases (phase models), describe tendencies of differentiation and polarization of economic activity in the socio-economic space (polarization theories).
Keywords: economic development, factors of economic development, theories of economic development, development «from above».
Fig.: 1. Bibl.: 19.

Pelekh Oksana B. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Management, Rivne State Humanitarian University (12 Stepana Bandery Str., Rivne, 33028, Ukraine)
Email: [email protected]

Article is written in Ukrainan
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Reference to this article:
Pelekh, Oksana B. (2018) “The Evolution of Views on the Factors of Economic Development: Theories of Development «From Above».” Business Inform 5:8–14.

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