There are two modals on modernisation theory and theory they are?
Rostow’s (Capitalism) and Frank’s (Communism)
The main causes of global inequality (social)
The main causes of global inequality (political)
The main causes of global inequality (environmental)
The main causes of global inequality (economic)
Consequences for global inequality (political)
Consequences for global inequality (social)
Consequences for global inequality (environmental)
Consequences for global inequality (economic)
Rostow’s background.
In the 1960s and Rostow was an American economist who was also capitalist who believe that all countries would eventually go through development based on America and the UK.
Franks background.
It was the late 1960s and the economist Frank produce a dependency modal he was also capitalist. And he blamed capitalist countries for stopping developing countries to develop.
Rostow’s modal went into five stages.
Traditional society.
Traditional society is limited technology and most people live on their own grown crops. This is the UK in the Middle Ages.
Pre-condition for take off.
Pre-condition for take off is quite few technology and some manufacturing beginning to develop. This is the UK in the 1750s.
Take off.
Take off is the rapid growth of manufacturing steady growth in economy and develop to support further growth. This is the UK in the 1820s.
Drive to maturity.
Drive to maturity is economic growth everywhere and developing industries to replace old ones. This is the UK in the 1850s.
High mass consumption.
High mass consumption is the economic system almost self sustaining trade expands and good welfare.
Criticism of rostow’s modal.
Criticism of Frank’s modal.
Frank’s dependency theory.
Poor countries e.g. Malawi (peripheries) sell there raw materials for cheep prices and buy them back more expensive as a use such as cotton into clothing. So the core countries very rich such as the UK buy these products them make a huge profit selling it of as a product.
Rostow’s modernisation theory.
Rostow based his theory on a lot of European countries who are now at the final stage of development he also believed that the later you went through the stages the quicker it will happen and that every country will eventually go through the process.