The Modernization Theory Explained | The Stages Of Economic Growth

Modernization theory explains the transition from traditional to modern societies, influenced by cultural and social factors. Originating from Max Weber's ideas, it involves democracy, industrialization, and globalization. Rostow's stages describe economic growth from traditional to modern economies, highlighting the need for technological advancement and infrastructure. Critics argue the theory overlooks differences between capitalist and communist societies, focusing mainly on Western economies.

What does modernization theory primarily attempt to explain?

• The decline of industrialization

• The development of societies from traditional to modern

• The impact of technology on agriculture

• The rise of communism

According to Walt Rostow, what characterizes the traditional stage of economic growth?

• Advanced technological infrastructure

• Dependence on basic agriculture and hunting

• High levels of industrialization

• Global economic dominance

During the take-off stage, what becomes more prevalent in the economy?

• Primary goods production

• Quaternary goods production

• Tertiary goods production

• Secondary goods production

What significant workforce shift occurs during the maturity stage?

• From technology to agriculture

• From industry to agriculture

• From agriculture to industries and technology

• From services to agriculture

What is a major criticism of modernization theory?

• It overemphasizes the role of agriculture

• It focuses too much on technology

• It fails to account for differences between capitalistic and communist societies

• It ignores the impact of globalization