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Development Dynamics Key Term Definitions
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Neo-colonialism
Neo-colonialism
The dominance of poor countries by rich countries, not by direct political control, but by economic power and cultural influence
Open economy
Open economy
A country with few trade barriers, which encourages trade with other countries
Migration
Migration
The long-term movement of people (or animals) within or between countries
Globalisation
Globalisation
The increasing interconnectedness and interdependence of the world economically, culturally and politically
Modernisation theory (The Rostow model)
Modernisation theory (The Rostow model)
A theory based on the economic history of a number of developed countries, which go through distinct economic and social changes and move from one stage to another
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