Unformatted text preview: nations needed to further integrate themselves into global economy Walter Rostow (5 STAGES OF ECONOMIC GROWTH) and Arthur Lewis (DUAL SECTOR MODEL) were key theorists “Dependency theory” asserted that under development was the product of unequal economic relations between poor and wealthy nations. Said that lesser developed countries did not need to adopt Western blueprint for modernization (Agriculture) “Modernization theory” asserted that underdeveloped countries needed to further integrate themselves into global economy. With assistance, underdeveloped countries can develop in a similar way as developed nations. (Industry) WHY IS THIS BETTER? Advances in food production, health care, education, and disaster protection India Nehru-wanted to industrialize and model British parliament with soviet style central planning Vs Gandhi-simple India with self sufficient villages...
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- Fall '11
- Economic Development, Human Development Index, modernization theory, modernization theorists, NAFTA Industry Industry