Tag: Rostow
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Modernisation Theory (Development and Underdevelopment)
Modernisation Theory Historical Context (1940s and 50s) By the end of WW2 it had become clear that despite exposure to Capitalism many of the countries of the South had failed to develop. In this context, in the late 1940s, Modernisation Theory was developed. Modernisation theory had two major aims It attempted to explain why poorer…