Compare and contrast the core tenets of the modernization and dependency theories.

According to the modernization theory, advances in technology can raise prosperity around the world, and low income countries will follow in the footsteps of wealthier, more modernized nations. According to dependency theory, some countries accumulated wealth at the expense of others, especially through colonization.

Here is the comparison of  modernization and dependency theories.

• Dependency theory is an approach to understanding the economic development of a country in terms of external influences like political, economic and cultural effects on national development policies. Some nations become rich at the expense of other nations, especially through colonization. It mainly focuses on poor and underdeveloped countries because richer countries are the cause of global poverty.

-Modernization theory is an approach to understanding how traditional or underdeveloped societies transform to modern societies. The increase in modern technology will make all nations wealthy,  and poor nations can follow the path richer, modernized nations took. It mainly focuses on rich and developed countries because richer countries are the only solution to the problem of poverty.