MATCHING
-Modernization theory
A)The process whereby Western nations established their rule in parts of the world away from their home territories
B)The economic belief that free-market forces, achieved by minimizing government restrictions on business, provide the only route to economic growth
C)The world economy is made up of core, semiperiphery, and periphery countries
D)Marxist theory of economic development
E)Worldwide networks of labor and production processes yielding a finished product
F)Argues that low-income societies can develop economically only if they adopt modern economic institutions, technologies, and cultural values
G)Under certain circumstances, poor countries can still develop economically, although only in ways shaped by their reliance on wealthier countries

Question

Quizplus · Accepted Answer

Modernization theory argues that low-income societies can develop economically only if they adopt modern economic institutions, technologies, and cultural values.

Answer: B
 The economic belief that free-market forces, achieved by minimizing government restrictions on business, provide the only route to economic growth is known as neoliberalism.

Answer: A
 The process whereby Western nations established their rule in parts of the world away from their home territories is called colonialism.

Answer: G
 Dependency theory argues that under certain circumstances, poor countries can still develop economically, although only in ways shaped by their reliance on wealthier countries.

Answer: C
 The world economy is made up of core, semiperiphery, and periphery countries is part of world-systems theory.

Answer: D
 Marxist theory of economic development is a theory that advocates for the overthrow of capitalism and the establishment of communism.

MATCHING -Modernization Theory