Final answer:
Arturo Escobar's work addresses modern development concepts excluding colonization, focusing on the professionalization, institutionalization, and science of development economics, alongside food and nutrition planning.
Step-by-step explanation:
According to Arturo Escobar's Power and Visibility, the conception of modern development as designed in the West and implemented in regions like Latin America encompasses numerous points. These include the professionalization of development, institutionalization of development, science of development economics, and food and nutrition planning. One point that is not included, according to Escobar, is the colonization of Third World countries. While the impacts of colonization certainly shaped the political and economic landscapes of these countries, Escobar's argument focuses more on the neo-colonial aspects of development and how Western models are imposed on other cultures. The regions of the world that have been subjected to this model of development exhibit varied levels of economic progress, with some areas suffering due to a lack of economic support necessary to modernize infrastructure. Even after gaining independence, the effects of such development practices and past colonial endeavors continue to shape economic and political dynamics in many countries.