Critics of modernization suggest that underdevelopment is the result of neo-colonialism, and that poor countries today remain underdeveloped because the global economic system is structured to extract and transfer what to developed nations?

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Critics of modernization argue that poor countries remain underdeveloped because the global economic system is structured to extract and transfer their natural resources to developed nations, thus draining their economies and hindering their development. This is often referred to as neo-colonialism, a system that perpetuates the legacy of colonialism through economic and political means.

Critics of Modernization Suggest That Underdevelopment Is the Result of Neo-Colonialism