MODRNIZATION THEORY

is the process of social, economical and cultural transformation is which a country evolves from the underdeveloped status to a modern society following the prescriptions of the MDCs.

• wants to eliminate the traditional ways and replace them with modern ways
• Ignores global inequalities and social class differences
• believes that the underdevelopment of a country  is because that country is yet to develop into modern economy

DEPENDENCY THEORY

occurs when some countries(MDCs) experience growth at the expanse of others(LDCs)

• promotes interdependency of both traditional and modern ways for the development of a country
• explains and explores the global inequalities and social class differences 
• believes that the underdevelopment of a country is due to exploitation of the first world countries(MDCs) and that this exploitation has evolved from colonialism.