The field of development theory is very vast. There are a variety of different theories and issues that have been developed through the years. These include such topics as labor, power, ethnicity, development, sexuality, the family, money, drugs and other related issues. There are a number of different development theories and issues.
A popular theory is called the Taylor System. This is a modification of Taylor’s first theory, which put forth the idea that individuals have their own cultural identities. Over time these cultural identity theories have taken on a life of their own and are now used by many in the development field. The main idea behind this theory is that some things are innate in all humans while other traits are learned. The theory further suggests that the later issues in development are not directly linked to the earlier problems.
Another theory that has been around for a long time is the neo-classical theory of development. This school of thought is associated with nineteenth century classical liberal thinkers such as Adam Smith, Charles Dickens and Henry Simons. The classical neo-classical theory suggests that the causes of development problems are not related to poverty, but to the gaps in material or monetary income that cause people to become poor. By understanding development at this level of analysis, it becomes possible to actually target development efforts.
There are other theories that also suggest the development issues are not directly linked to poverty. These include those such as the LSSW theory, the poverty concept, the theory of distributed development, the political economy of development and so on. The LSSW (Lands, Jobs and Learning Walls) theory suggest that the problems of inequality and poverty are caused by how we use land. The political economy of development then suggests that by improving the skills and opportunity of people who possess the capital to acquire them, development can take place. With these various development theories and issues in mind, there are still opportunities to improve development.
As a matter of fact, there are a number of developments taking place on a day-to-day basis that can be attributed to these theories. For instance, development of the IT industry has been promoted by the government for decades now, and these government programs have in effect provided support for research and development in this field. By paying private companies to develop IT solutions and products, the government ensures that the development process is not held back. In addition, through the Special Economic Zones program, there are development projects being carried out by different organizations that offer employment to the local people.
Development is viewed as a process that has been taking place for centuries. In fact, this concept has been around since the start of time. In one of the oldest known development theories, the cavemen observed what they considered to be nature’s basic needs, and as a result, they made methods and ideas for acquiring these needs. One of the most popular development theories, applied by various development agencies across the world today, is the Theory of Constraints. According to this theory, the development process cannot take place if the development agency or individual does not understand and meet the development goals that are set forth.
The Special Economic Zone program is another theory that has been adopted by development agencies and private organizations, which involves undertaking development projects in areas that would receive great unemployment if left unattended. Another development theory, which emerged during the Second World War, is the Cost Benefit Analysis theory. This theory postulates that the participants in development projects should be able to make use of the funds spent on the projects in order to offset the costs that are incurred in the process of implementation.
A development theory related to development issues is Technological Unemployment. According to this theory, the unemployment created in development projects due to technological developments is an unintended side effect of the development process. Another development theory related to development issues is the Value Creation theory, which relates the value of different goods or services to their relative prices in the market. Finally, another development theory concerns allocation, which is the process of determining who should get what in a given allocation process.