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Showing posts from March, 2021

Dependency Theory

Is the condition in which the development of the nation – states of the South contributed to a decline in their dependence and to an increase in economic development of the countries of the North (Cardoso and Felato, 1979). Peripheral nations – are countries that are less developed and received an unequal distribution of the world’s wealth. Core countries – are more industrialized nations who received the majority of the world’s health. Dependency theorist – saw that the development of peripheral nations is stagnant because of the exploitative nature of the core nation (Ferraro, 2008). Developed countries were undeveloped in the beginning but not underdeveloped This means that the path taken by the developed countries does not guarantee the same fate for the underdeveloped countries.

Modernizartion Theory

This theory frames global stratification as a function of technological and cultural differences between nations. Walt Rostow’s Four Stages of Modernization 1. Traditional Stage – this refers to societies that are structured around small, local communities with production typically being done in the family settings 2. Take-off stage – people begin to use their individual talents to produce things beyond the necessities. -this innovation creates how market for trade 3. Drive to Technological Maturity – begins to bear fruit in the form of population growth, reductions in absolute poverty levels, and more diverse job opportunities. 4. High Mass Consumptions – it is when your country is big enough that production becomes more about wants than needs. In general argues that if you invest capital in better technologies, they will eventually raise production enough that there will be more wealth to go around and overall well-being go up.