Professional Documents
Culture Documents
Modernization Theory: SFFG 125 - U
Modernization Theory: SFFG 125 - U
theory
SFFG 125 - U
INTRODUCTION
DEVELOPMENT THEORY
- Association of development with national growth
- Development of newly independent states
- Explains the role of state in development (government-market
relations)
modernization theory
5 Stages:
1. Traditional Society – Output is not traded
2. Traditional Stage – Transport infrastructure to support trade
3. Take Off – From agricultural sector to manufacturing sector
4. Drive to Maturity – Technological innovation; Urbanization
increases
5. High Mass Consumption – Service sector is dominant; Interest in
social welfare increased
Strengths