Contrast the Perspectives of Modernization and Dependency Theories

question 50

Essay

Contrast the perspectives of modernization and dependency theories. First, define modernization theory and explain two objectives of economic development projects. Then discuss the criticisms of this approach that have emerged in Latin America. Why did Latin American theorists argue that Latin American nations could not be competitive in the global economic system? What did they suggest that underdeveloped nations should do?

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Definitions:

Seventeenth Amendment

An amendment to the U.S. Constitution ratified in 1913 that established the direct election of U.S. Senators by popular vote, replacing their selection by state legislatures.

Senators

Members of the senate, which is one of the two chambers in the bicameral legislature of many countries, including the United States.

Elected

The process by which individuals are chosen through voting to hold public office or perform public duties.

Conference Committee

A committee formed when the House and Senate need to reconcile different versions of a bill into a single version to be passed by both chambers of Congress.