Currently, Modernization and Dependency theories are the two worldwide accepted speculations illuminating the diversification in the economic growth of these countries.
In this sense, the dependency theory can be viewed as a reaction to modernization theory.
Modernization theory focuses on the social elements which facilitate social progress and development of societies, and further aims to explain the process of social evolution. Modernization theory is a hypothesis used to clarify the procedure of modernization that a country experiences as it moves from a simple society to a modern one. While modernization argues that democracy and economic growth are outcomes of capitalism, dependency theorists argue that that is not necessarily true and point to the examples of military coups that have happened in Latin America.
Modernization theory is a hypothesis used to clarify the procedure of modernization that a country experiences as it moves from a simple society to a modern one. MODERNIZATION THEORY The Third World countries have experienced massive variation in the economic development since after the end of Second World War.
In stark contrast to Modernization theory, Dependency theory underlines that relationships between developing and developed countries are based not on the growing cooperation between them but rather on the dependence of developing countries on developed ones. DEPENDENCY vs. Dependency theory is more inclusive than modernization theory. Modernization theory says that a focus on education, technology and mass media is a major reason that developed regions pull ahead from others. Dependency theory observes and explains the effects modernization in one region has on other parts of the world. Modernization theory describes the transformative processes of societies from underdevelopment to modern societies. This theory not only stresses the process of change but also the results of that change. Modernization and Dependency Theory...Modernization and Dependency theory Nowadays the rapid development of the word and the growing integration of countries can hardly fail to affect the development of new theories which attempt to explain the relationship between countries and the existing inequality between developed countries and countries of … Modernization theory is also a development theory that emerged before the dependency theory.
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