Economics

Among the traditional theories of development as per the application in Bulgaria I hereby discuss the dualism theory.  The dualism theory states that split or divide of social structures and economic structures of various divisions occurs so as to differ in the development level, structure of goals and organizational structures.  In this theory economics is categorized into two divisions which include the modern sector and the traditional sector (David, 2000).

The dualism theory give and emphasis to the fact that in development there is always a widening gap between the poor and the rich, or social classes of different gender and different occupational regions.  For example the agricultural sector is said to have no relationship, with the industrial sector in the modern setting (David, 2000).  This kind of divide leads to poor communication between the two stratified development zones, and lack of exchange between those sectors.

The impact of this theory in Bulgaria is that the development of Bulgaria has move towards the support of modern technological advancement and neglect in the traditional sector.

On the other hand the capital constraint model states that the for a steady relative commodity worth, a rise in the bequest of a certain factor yields an equitable expansion of production within the department that intensively utilizes the adjusted factor thus a resultant total drop in other goods output. The lift in economic growth leads to limitations in other sectors (David, 2000). The impact of this theorem to Bulgaria is economic growth that is coupled with limitations on other sectors. The development in market at Bulgaria has resulted in to increase in profits but high crime rate makes the business worse. This is due to the neglect of children and youths at schools during the integration with the E.U.