POLS 2080 Lecture Notes - Lecture 4: Raúl Prebisch, Modernization Theory, Dependency Theory
5 Dec 2016
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Document Summary
Suggests a global duality composed of modern and traditional societies. Solution: western-style industrial development and modernization for all. Proponents of modernization theory see the world in a way where it"s possible for the poor to emulate the rich. For modernization scholar, there is no fundamental conflict between the rich and the poor. Some consider it a moral imperative for the west to help the rest . 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. Main thesis: the growth of today"s rich countries has impoverished the poor and the forces of international capitalism continue to block their progress. One of the precursors to this theory was economist raul prebisch.
