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developed the Modernization Model - a liberal model that postulates that economic modernization occurs in five basic stages: Stage 1: Traditional, stage 2: preconditions for takeoff, Stage 3: Takeoff, Stage 4: Drive to Maturity, Stage 5: Age of Mass Consumption
Wallerstein, Immanuel
The creator of the world system theory, which explains how the globalization of capitalism led to changing relations between countries. He said that as capitalism spread, countries around the world became connected to one another in ways they had not been before.