Theories of development Flashcards
1
Q
Marxist theory
A
the theory says that capitalism exploits underdeveloped countries, meaning they can not develop
- marx said that capitalism and industrialisation were about obtaining the maximum amount of profit.
2
Q
Modernisation theory
A
the modernisation theory says that all countries move towards liberal communist. Underdeveloped countries are seen as inferior to developed countries that have achieved a higher rate of production, consumption and wealth
3
Q
neoliberalism
A
believe in using free trade to help countries develop
