Modernisation and Dependency Theories.

Modernisation is a process of social economic and cultural transformation in which a country envoles from pre-industrial to a modern society countries follow a series of Five stages of development that all countries have to follow. The traditional society, Pre-conditions for take off, take off. The drive to maturity and high mass consumption.

The modernisation theory formed in response to the prescriptions of development economists that failed.

Dependency is a result of the failure of the modernization theory to address the underdevelopment of the third world countries. They are focused on the origins and subseqent development of underdevelopment.

Dependency theory was created to address and fix the issue regarding lack of development which the modernisation theory was unable  to address.