Modernization theory and Dependency theory
Skidmore and Smith present two theories, Modernization theory and Dependency theory. Modernization theory is that positive material growth yields positive social equality. Dependency theory states that a dependent economy yields or brings social inequality, which in turn can lead to political authoritarianism.
<Tab/>Skidmore and Smith state that dependency theory distorts modernizations predicted outcomes. Mercantilism is a form of dependency.
<Tab/>The social, economic and political outcomes from Modernization seem positive. Socially, the transition from a…
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