SP 1.3 - Modernisation Theory Flashcards
Which model is used to explain modernisation?
Rostow’s model of economic development
What are the five stages of Rostow’s model?
1) Traditional society
2) Transitional stage
3) Take off
4) Drive to maturity
5) High mass consumption
What do modernists believe?
That the world could be improved by human intervention and achievement
What did the USA aim to prevent using modernisation theory?
Spread of communism
Which countries did the USA invest in after WW2?
Japan, India, Singapore, South Korea, Taiwan, Thailand, Philippines and Mexico
Why did some countries benefit from modernisation theory (e.g. Singapore) and others did not?
Countries that succeeded invested in infrastructure and industries. Other countries were unsuccessful because they became burdened with debt.
What is the aim of the IMF?
Achieve macroeconomic stability and reduce poverty
What is the main difference between communism and capitalism?
Communism = communal wealth Capitalism = private wealth
What was made a priority after the collapse of communism in the USSR?
Investment and aid packages in ex-communist countries
Explain the two major themes of Gorbachev’s policy.
Perestroika - privatisation of companies and people are able to keep their personal wealth
Glasnost - greater freedom of speech
What happened as a result of Boris Yeltin accelerating privatisation and selling the oil industry to the KGB (military service)?
Mass unemployment
What happened as a result of Boris Yeltsin accelerating privatisation and selling the oil industry to the KGB (military service)?
Mass unemployment