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This article provides information about the impact of economic growth theory on human development:
The growth of colonial economics of development has generated dependencies of colonial countries on their rulers. The colonial rulers are mainly the European countries. It has been experienced that such dependencies has not created any environment of proper industrialisation in the colonial countries, although some development has been taken place in the interest of colonial rulers.
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In the name of the development the European or colonial countries have destroyed native manufactures as found in case of textile manufacturing in India and sabotage efforts at industrialisation in Egypt, Turkey and Persia.
Gradually, the economic growth theory emerged as development thinking. Mechanisation and industrialisation have become parts of concept of economic growth. To widen the scope of development, the dimension of political modernisation has been incorporated. Further, the new way to develop the thinking has included the wider dimensions. In the mid 1980s Amartya Sen’s contribution to the concept of human development has been important to bring a different direction in the development approaches. Structural reform of society is the basis of neoliberalism of development thinking.
This structural reform of the society came about through liberalisation and privatisation of the economy. All classical and modern development theories are fundamentally structuralist. In the latter phase of progress of development theories this structuralist emphasis has started to change with the influence of phenomenology. The theoretical orientation has been brought a shift in development approach to structuralist to institutional ones.
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It can also be interpreted as change from deterministic to interpretative views and from materialist to multidimensional and holistic views. Such a change can also be interpreted as shift from structuralism to constructivism. The source of constructivism is found into phenomenology and ethnomethodology.