POL 101W Lecture Notes - Lecture 12: Gross Domestic Product, Modernization Theory, Bourgeoisie
24 Nov 2016
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Document Summary
United nations development programme"s human development index (hdi): There have been two major free-market models: modernization theory argues that poor countries have to change their traditional values, institutions, and practices by copying developed countries. Modernization theory views societies as developing through a series of stages. Contemporary underdeveloped countries are simply at an earlier stage in this linear historical progress. It predicts that as countries develop economically, they are more likely to become democratic and to remain democratic. Accordingly, there should be a strong relationship between how economically developed a country is and whether it is a democracy. Changes in the structure of the economy mean that to some extent workers, but even more so the economic elite gain more power compared to the government. Skills and assets become increasingly mobile (or liquid), ex. Education is more mobile than having farm land.
