What are the main differences between the Liberal Theory of growth and trade vs.

Question

What are the main differences between the Liberal Theory of growth and trade vs. dependency theory? How does the Partipatory approach question the assumptions both LIberal and Dependency approaches make? What does it say we should do to help less developed countries? How does the Grameen Bank illustrate the participatory approach? How would using each approach influence environmental problems in less developed countries? Given what we have read and talked about in class, which of these approaches would make global warming worse? Why?

Explanation / Answer

Answer:

Liberal theory of growth and trade emphasizes the globalization through which developing countries can develop more, whereas dependency theory supports the under developing countries not only in terms of trade but also reflects the unique points of developing countries for new research and development factors.

Grameen bank introduces various schemes for the poverty affected population, such as easy sanction loan, high annual interest rate, account open at very low amount etc. Global warming could be the worse indirectly by these practises because due to these schemes, rate of buissness increases and as a result of manufacturing of different products increases, which also causes the pollution.

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