The economic assumption of modernization theory holds that
A)poor countries would not follow the same process to achieve wealth that the West had in an earlier era
B)poor countries would largely go through the same process to achieve wealth that the West had in an earlier era
C)rich developed countries would support poorer countries as they developed
D)rich developed countries would not support poorer countries as they developed

Question

Quizplus · Accepted Answer

Modernization theory assumes that poor countries can follow the same path to economic development that the West did, through industrialization and technological innovation. The theory suggests that as countries adopt Western-style institutions and values, they will become more economically prosperous. This assumption is reflected in policies such as foreign aid and trade liberalization, which aim to help developing countries to catch up to the West economically.

The Economic Assumption of Modernization Theory Holds That