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Unformatted text preview: path to development; development is a multifaceted process that is not dependent on a particular culture or a particular set of policies. Nau criticizes this view, arguing that it promotes an anything-goes approach to development development can basically happen in any state with any type of policy. Development in the developing world Some areas, particularly Asia, have been more successful than others in development. Four factors are involved that can potentially explain development or lack of development in the developing world. 1. Security and political development and stability, both domestically and internationally. 2. Domestic economic policies (micro and macro) 3. External economic policies (border policies) 4. Socio-cultural factors and levels of equality/inequality Depending on the area of the world we are looking at, certain factors will have more weight than others in terms of the success of development....
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- Fall '11