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Steven Gossett - DOC
on Dec 15, 2024

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Modernization theory is particularly effective in explaining why some countries remain in poverty while other countries have achieved economic success.

Modernization Theory

A theory suggesting that economic development and societal modernization follow a linear trajectory from traditional to modern states.

Economic Success

The achievement of financial prosperity, often measured in terms of income, wealth, and market share.

  • Gain insight into the theories that elucidate global economic disparities and development, like modernization, dependency, and world-systems theory.
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Marilyn TruongDec 21, 2024
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