Instructions: Identify the Following

question 3

Essay

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Redemption

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Definitions:

Dependency Theory

A theory suggesting that economic conditions in poorer countries are the result of exploitative relationships with wealthier countries.

Economic Underdevelopment

A condition in which a country or region suffers from low economic productivity, low living standards, and often high rates of poverty and unemployment.

Modernization Theorists

Scholars and thinkers who analyze the processes and impacts of modernization within societies, especially the transition from traditional to modern social, political, and economic systems.

Free Trade

A policy or practice of trading between countries, with minimal restrictions or tariffs, to encourage economic exchange.