Theories

Theories

1. Rostow's modernisation theory

   • 5 Stages
     • 1. Traditional Society
       • 2. Preconditions for take-off
         • 3. Take-off society
           • 4. The drive to maturity
             • 5. Age of high mass consumption

2. World systems theory

   • Wallerstein
   • Idea that the world has an economically developed core, and an undeveloped periphery
     • Capitalist core keeps periphery in a state of undevelopment by; exploiting cheap resources, taking skilled workers and selling expensive manufactured goods

3. Theory of economic man

   • Theory that everyone acts in a way to benefit themselves
   • neo-liberalism = promotes free market theory (No government interference)
   • Altruism = Taxing the wealthy to pay for benefits for the poor

4. dependency theory

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