Classical Theories of Economic

Growth and Development

1. Dualism means there are two very different parts in a society or system, like rich
cities versus poor rural areas, discrimination based on ethnicity or caste, or
uneven political power. In developing countries, dualism shows how big the gaps
are in wealth, resources, and opportunities, making it hard to achieve fair
development. But it's too simple because development is influenced by many
things like money, society, politics, and culture, and these factors change over
time. So, while dualism helps us see the gaps, we need a more detailed approach
to solve the many challenges of development effectively.
 2. There probably won't ever be just one theory that explains how all developing countries can grow.
Development is really complicated and depends on lots of things that are different in each place—like
geography, history, culture, and how the government works. Also, how economics, society, politics, and
culture interact can change a lot from one country to another, making their paths to development
different. Countries are always changing too, influenced by global trends, new technology,
environmental issues, and how they fit into the world economy. What works in one place might not work
somewhere else because each country has its own specific needs, preferences, and strengths. Political
factors, like how well the government works and how stable it is, also affect development. People in
each country also make a big difference—they adapt to challenges and opportunities in their own ways.
So, while we can learn from successful examples, development ideas need to be flexible and fit each
country's unique situation. A single theory that fits all developing countries would miss out on all these
differences that shape how they develop.
Thank you