SOC101Y1 Chapter : Development Notes
Document Summary
Development initially associated with industrialization and democratization of society based on equal rights and freedoms of its citizens. After wwii, development came to mean process that generated economic growth, industrialization, and modernization in regions and countries perceived to be poor, traditional, and undeveloped. competition between u. s. -led capitalist countries and soviet union-led communist countries. business in developed west seeking new markets outside their traditional spheres of operation. It is claim by some analysts that development and study of development have served to support world capitalism (i. e. , economic system based on competitive enterprises seeking to maximize profits using wage labor). y. The cold war broke out between the developed capitalist countries led by the united. States and the communist countries led by the soviet union. y among other things, the cold war involved intense competition between the two rival blocs to amass power by gaining influence and control over less developed countries. y.
