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The fifth-wave of economic development began in the 1990s with a two-fold interest in providing market solutions and regional strategies for development. The idea of a comparative advantage has been integral to the development of the fifth-wave. This wave has been marked by economic developers who work to emphasize unmet demand, function as a ...
In Smihula theory technological revolutions are the main engine of economic development, and hence long-term economic cycles are dependent on these waves of technological innovation. [7] Smihula identified during the modern age in society six waves of technological innovations begun by technological revolutions (one of them is a hypothetical ...
Inspired by Theosophy, Rudolf Steiner (b.1861) had developed a stage theory based on seven-year life phases. Three childhood phases (conception to 21 years) are followed by three stages of development of the ego (21–42 years), concluding with three stages of spiritual development (42-63). The theory is applied in Waldorf education [15]
Long wave theory is not accepted by many academic economists. However, it is important for innovation-based, development and evolutionary economics . Yet, among economists who accept it, there has been no formal universal agreement about the standards that should be used universally to place the start and end years for each wave.
The forming–storming–norming–performing model of group development was first proposed by Bruce Tuckman in 1965, [1] who said that these phases are all necessary and inevitable in order for a team to grow, face up to challenges, tackle problems, find solutions, plan work, and deliver results. He suggested that these inevitable phases were ...
While EDP theory generally aligns with that of mainstream EP, it is distinguished by a conscious effort to reconcile theories of both evolution and development. [5] EDP theory diverges from mainstream evolutionary psychology in both the degree of importance placed on the environment in influencing behavior, and in how evolution has shaped the ...
Stage-crisis view is a theory of adult development that was established by Daniel Levinson. [1] [2] Although largely influenced by the work of Erik Erikson, [3] Levinson sought to create a broader theory that would encompass all aspects of adult development as opposed to just the psychosocial.
Development increases the balance, or equilibration, between these two functions. When in balance with each other, assimilation and accommodation generate mental schemas of the operative intelligence. When one function dominates over the other, they generate representations which belong to figurative intelligence. [23]