The theory that argues that modernization exploited both individuals within industrialized economies and LDCs on the whole is
A) modernization theory.
B) dependency theory.
C) co-dependency theory.
D) world systems theory.

Question

Quizplus · Accepted Answer

The theory that argues that modernization exploited both individuals within industrialized economies and LDCs on the whole is dependency theory. This theory holds that the economic growth of developed countries (core nations) relies on the underdevelopment of less developed countries (peripheral nations), resulting in a relationship of dependency between the two. This means that LDCs are forced to export raw materials to core nations, which then process them to make finished products that are sold back to LDCs at a higher price, perpetuating the cycle of poverty and economic inequality.

The Theory That Argues That Modernization Exploited Both Individuals Within