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. …
