Lesson 5 Flashcards

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1
Q

Modernisation theory definition?

A

Modernisation theory is used to explain the process of modernisation within societies

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2
Q

How is the modernisation theory explained?

A

If enough investment is made in developing countries it will stimulate industrial change leading to economic growth.

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3
Q

How does the modernisation theory show growth and dominance of the British Empire and USA in the post war period?

A

By a neo liberal approach to the development gap.

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4
Q

How is the dependency theory explained?

A

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.

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5
Q

How does the dependency theory show the rise of the British Empire?

A

Poor countries didn’t have the resources to defend against exploitation.

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6
Q

How does the dependency theory show the rise of China and neo colonisation?

A

Allows developing countries to have a voice and BRICS to establish

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7
Q

How is the world systems theory explained?

A

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.

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8
Q

How does the world systems theory show the development of BRICS/MINT?

A

Both semi periphery.

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