COMPARE AND CONTRAST THE CORE TENETS OF THE MODERNIZATION AND DEPENDENCY THEORIES

Modernization "refers to a process of social, economic and cultural transformation in which a country 'evolves' from the under developed status to a modern society , following the prescriptions of the more developed countries" (Phajane, 2021). The modernization theory believes that the poor countries are poor because they are yet to develop into modern economies and that the failure is to do so largely, and this results from the internal factors like countries resistance to free market principles. The major tenets are:

-Social orders create through an arrangement of developmental stages;

-These stages are based on distinctive degrees and designs of social separation and reintegration of basic and social components that are practically congruous for the support of society.

-Modern making social orders are at a premodern arrange of advancement and they in the long run will accomplish financial development and will take on the social, political, and financial highlights of western European and North American social orders which have advanced to the most elevated arrange of social developmental improvement

Dependency theory focuses on how the developing countries are dependent to the developed countries. It started as a result of failure in Modernization (Phajane, 2021). This is a theory to understand the economic underdevelopment that presses the accepted constraints imposed by the global political and economic order. The unequal exchange relationship between developed and developing countries was viewed as contributing to poor economic growth .

The SIMILARITY in both of these theories is that- both their goal is to make sure the underdeveloped countries develop successfully and maintain themselves for a long time without being dependent to the Western rich countries.