Theories and the changing patterns of power

What is the modernisation theory?

Pre- industrial societies would not develop until pre-conditions were met, then industrialisation would increase

What’s the Dependency theory?

Capitalist core helps the periphery and gains wealth by expoiting them

What is the Worlds system?

Core countries use semi-periphery for cheap labour and profit on their FDI

When was the Modernisation theory formed?

1960

What countries would be an example of the Modernisation theory?

Emerging countries

What are some criticisms to the Modernisation theory?

Developing countries would end up in debt due to loans

When was the dependency theory formed?

Mid 1960s

How does the dependency theory view the world?

Having an economically developed core and an underdeveloped periphery

What are some criticisms to the dependency theory?

Countries have lost power over time and some countries have broken free

When was the World systems theory developed?

1974

What does the core countries rely on in the world systems theory?

Uses the semi-periphery for cheap labour to manufacture goods