Which Theory of Global Stratification Would Argue That Until Underdeveloped

question 57

Multiple Choice

Which theory of global stratification would argue that until underdeveloped countries embrace North American values, they will not be able to compete globally?

• A)dependency theory
• B)world systems theory
• C) modernization theory
• D) new international division of labour theory

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Definitions:

Recognition Lag

The time it takes for policymakers to identify and acknowledge an economic problem or trend.

Economic Policy

A set of strategies chosen by a government to influence its economy, including fiscal policy (use of government spending and taxation) and monetary policy (controlling the nation's money supply and interest rates).

Time Lags

The delays between the initiation and the effect of an economic policy or other financial actions, impacting their effectiveness.

Passive Approach

An investment strategy that minimizes buying and selling actions, favoring long-term holding and typically indexed investments.