Modernization theory identifies which of the following as the greatest barrier to economic development?
A)technology
B)multinational corporations
C)capitalism
D)tradition

Question

Quizplus · Accepted Answer

According to modernization theory, tradition or cultural practices and beliefs are seen as the greatest barrier to economic development. Traditional values such as collectivism, fatalism, and conformity are believed to hinder economic progress by discouraging entrepreneurship, innovation, and risk-taking. Therefore, for economic development to occur, traditional customs and beliefs need to be replaced by modern values such as individualism, rationality, and achievement orientation.

Modernization Theory Identifies Which of the Following as the Greatest