Asked by Olivia Gullett on May 04, 2024
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Modernization theorists argue that multinational corporations and rich companies supported local authoritarian governments in the postcolonial period to continue their exploitation of poor countries.
Modernization Theorists
Scholars who focus on the process and impact of modernization, typically emphasizing the transition from traditional to modern societies and its effects.
Multinational Corporations
Large business organizations that operate in multiple countries, often exerting significant economic and political influence in the global market.
Authoritarian Governments
Political systems characterized by strong central power and limited political freedoms, where dissent is often not tolerated and control is maintained through various means.
- Critique the foundational theories of economic development, namely modernization theory, dependency theory, and the world-systems theory.
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Learning Objectives
- Critique the foundational theories of economic development, namely modernization theory, dependency theory, and the world-systems theory.
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