SP 1.3 - Modernisation Theory Flashcards

1
Q

Which model is used to explain modernisation?

A

Rostow’s model of economic development

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2
Q

What are the five stages of Rostow’s model?

A

1) Traditional society
2) Transitional stage
3) Take off
4) Drive to maturity
5) High mass consumption

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3
Q

What do modernists believe?

A

That the world could be improved by human intervention and achievement

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4
Q

What did the USA aim to prevent using modernisation theory?

A

Spread of communism

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5
Q

Which countries did the USA invest in after WW2?

A

Japan, India, Singapore, South Korea, Taiwan, Thailand, Philippines and Mexico

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6
Q

Why did some countries benefit from modernisation theory (e.g. Singapore) and others did not?

A

Countries that succeeded invested in infrastructure and industries. Other countries were unsuccessful because they became burdened with debt.

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7
Q

What is the aim of the IMF?

A

Achieve macroeconomic stability and reduce poverty

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8
Q

What is the main difference between communism and capitalism?

A
Communism = communal wealth
Capitalism = private wealth
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9
Q

What was made a priority after the collapse of communism in the USSR?

A

Investment and aid packages in ex-communist countries

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10
Q

Explain the two major themes of Gorbachev’s policy.

A

Perestroika - privatisation of companies and people are able to keep their personal wealth
Glasnost - greater freedom of speech

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11
Q

What happened as a result of Boris Yeltin accelerating privatisation and selling the oil industry to the KGB (military service)?

A

Mass unemployment

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12
Q

What happened as a result of Boris Yeltsin accelerating privatisation and selling the oil industry to the KGB (military service)?

A

Mass unemployment

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