Lesson 5 Flashcards
Modernisation theory definition?
Modernisation theory is used to explain the process of modernisation within societies
How is the modernisation theory explained?
If enough investment is made in developing countries it will stimulate industrial change leading to economic growth.
How does the modernisation theory show growth and dominance of the British Empire and USA in the post war period?
By a neo liberal approach to the development gap.
How is the dependency theory explained?
TNC investment in developing countries led to the exploitation of skilled labour and cheap raw materials as well as creating international debt.
This is how the developed world was achieved.
How does the dependency theory show the rise of the British Empire?
Poor countries didn’t have the resources to defend against exploitation.
How does the dependency theory show the rise of China and neo colonisation?
Allows developing countries to have a voice and BRICS to establish
How is the world systems theory explained?
Global market divided into 3 sections. Countries compete politically and economically. A developed core and developing periphery and the semi periphery where changes and tensions may occur.
How does the world systems theory show the development of BRICS/MINT?
Both semi periphery.