SOC 3331 Lecture Notes - Lecture 4: Modernization Theory, Complex Number, Walt Whitman Rostow

• School: University of Ottawa
• Department: Sociology
• Course: SOC 3331
• Professor: Ishara Mahat

Document Summary

Soc3331 a sociology and anthropology of development. Interest of corporations n finding cheap labour and resources available in the developing world. Increase size of the market by finding the consumers in developing world who offers an almost endless supply of consumers. Increase in productivity led by the complex division of labour. Negative aspect of division of labour is that workers" feeling of alienation. Agglomeration of wealth in some societies and pools of poverty and misery from their labour (not part of the system) Capitalists employed cheap labor workers and the increase in production and income was unequally distributed. A failure to materialize for majority of people: as the entire society governed by impersonal and uncontrolled set of institutions. Industrial capitalism thought by some to be responsible for reducing the pool of skilled crafts people. Assumption: market is an invisible hand (adam smith) and the economic competition led to the welfare of society.