The nations after fulfilling the requirements of industrialization move in the direction of becoming knowledge economies. The knowledge economies are primarily responsible for creating new information by doing research in all fields of life. The knowledge in then, applied in other countries whereas, the knowledge economies sell this information in order to make a living. The notion of a globalized world is communicated by the Author as well because the new knowledge cannot be transmitted and applied without strong linkages amongst the nations and it is the defining attribute of the modern world of the 21st century.The featured passage highlights the presence of struggle that humans made in order to achieve development. The application and validity of these efforts cannot be ascertained without seeing and seeing their results and consequences. The arguments of Rist are valid because development is indeed a multistage process and its soul rests in the power to gain knowledge. The relationship of colonialism and development is supported by emphasizing the nature of colonialism as the fundamental step in the direction of achieving the development. Anthropological Theories of Development.
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