- Compare and contrast the modernization theory (outlined on pgs. 82-83) to the dependency theory (outlined on pg. 86). In 2-3 paragraphs ON A SEPARATE SHEET OF PAPER, answer the following questions:
- What are the key differences between modernization and dependency theory?
- According to modernization theory, what social, cultural, and political changes accompany economic development?
- According to dependency theory, what impedes economic development in LDC countries?
- Which theory do you support? Why? Please reference the reading to support your opinion.