The question of development in the peripheral countries has generated very strong debate over the last years amongst development economists. Various theorists and schools of thought have posited theories on development in the peripheral countries. These analysts have used various models to explain the problem and the link between poverty and environmental degradation in the less industrialised countries. They include The Bretton Wood institutions such as the International Monetary Fund (IMF) and the World Bank, the modernisation paradigm/ the neo-classical economists, the Neo-Marxist school of thought, ecologists and liberal economists. Each of these Schools of thought has proposed various options for development in the periphery.