SOC101Y1 Chapter Notes - Chapter 9: Walt Whitman Rostow, Wage Labour, Modernization Theory

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17 Oct 2015
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A process that generated economic growth, industrialization, & modernization in regions perceived to be traditional & undeveloped. Cold war rivaled to gain influence over less developed countries new markets. Incorporating- progress for women, empowerment of the underprivileged. environmental sustainability. Served to support world capitalism: an economic system based on competitive enterprises seeking to maximize profits by using wage labour. I. e. violence"d wash over to our side. Societies pass through stages of development like animals & plants. When an undeveloped society comes into contact with a developed society. Takeoff: increase in market transactions, manufacturing, & trade. Modernization theory emphasizes the importance of values & norms as drivers of development. Mcclelland: importance of entrepreneurship + the need for achievement . Responsibility for economic backwardness lies with the people themselves. Development happens when the citizens of the poor countries adopt the virtues of the developed north. E. g. need for savings, investment, self-control, stable gov. Ignored the unpleasant contact between europe & the societies.

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