Compare and contrast the core tenets of the modernization and dependency theories
Modernization theories
According to this theory in equality is caused by or is the result of industrial and cultural differences between nations.
Low-income countries are affected by their lack of industrialization or inability or reluctance to adopt new technologies. therefore, modernization is measured by economic growth, increased urbanization and technological progress.
Modernization focuses on the domestic factors of a country, it therefore believes that with help underdeveloped countries can be brought to developed in using the same methods that more developed countries used. Basically, developing countries should follow blindly the example of more developed western countries and this will bring them economic, social, and cultural prosperity.
The modernization theory is based on the assumption that western countries are well-developed, and that the western way of growth is regarded as the most efficient and promising, with few alternatives.
dependency theories
Global inequality is caused by high-income nations exploiting low-income or middle-income nations which creates a cycle of dependency. some nations gained wealth at the expense of other nations.
Poor nations provide natural resources, cheap labour, ect. for developed nations.
Dependency theory emphasizes that relationships between developing and developed countries are focused on developing nations' dependency on developed countries, rather than on increasing cooperation between them.
According to dependency theory, the poorest countries in the world are poor not because they are not part of the developed world economy, but because of their position within it.