Favour states not interfering in running of economy and lives of citizens. Believe TNCs and free market take lead role with state providing law and basic infrastructure
Modernisation
Stresses benefits of TNCs for development bringing about cultural change, adoption of western ideas, encouragement of internationaltrade
Dependency
Oppose capitalism and free market and instead favour sate led development representing people. Argue overall effect of TNCs is to weaken and exploit workers in developing countries to strengthen capitalism
Hong
Argued SAPs have been negative on LEDCs leading to increased poverty, corruption and social unrest
Hoogvelt
Notes how interests of elites in developing world often become 'intertwined' with both TNCs and the interests of developed countries
Marxists
Argue transformation of state via revolution is needed
Other- Edwards and Hulme
Argues range of INGOs were losing touch with charitable roots and becoming closer to governments and other sources of funding
