POLS 2080 Lecture Notes - Lecture 3: Raúl Prebisch, Modernization Theory, Dependency Theory

• School: University of Guelph
• Department: Political Science
• Course: POLS 2080
• Professor: Steffi Hamann

Document Summary

Uggests a glo(cid:271)al duality (cid:272)o(cid:373)posed of (cid:862)(cid:373)oder(cid:374)(cid:863) a(cid:374)d (cid:862)traditio(cid:374)al(cid:863) societies. Solution: western-style industrial development and modernization for all. Propo(cid:374)e(cid:374)ts of (cid:373)oder(cid:374)izatio(cid:374) theory see the (cid:449)orld i(cid:374) a (cid:449)ay (cid:449)here it"s possible for the poor to emulate the rich. For modernization scholars, there is no fundamental conflict between the poor and the rich. Some consider it a (cid:373)oral i(cid:373)perati(cid:448)e for the (cid:862)(cid:449)est(cid:863) to help the (cid:862)rest(cid:863) In order for modernization thinking to be robust, the rich world must continue to grow and act as a source of investment, finance, and markets for the poor countries and their people. For dependency theorists, underdevelopment is not merely a condition but something that has been actively imposed. Mai(cid:374) thesis: the gro(cid:449)th of today"s ri(cid:272)h (cid:272)ou(cid:374)tries has i(cid:373)po(cid:448)erished the poor and the forces of international capitalism continue to block their progress. One of the precursors to this theory was economist raul prebisch.