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.


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