DVM 2105 Study Guide - Midterm Guide: Andre Gunder Frank, Dependency Theory, 1Worldspace

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Uk industrialization why england was successful: open society and individual initiative, strong institutions protecting property rights, scientific revolution, located on major trade routes, national security, freedom from energy constraints (coal) 1820: modern world economy took off- population and economic growth took off. All regions on earth experience economic growth. Some regions grew much more rapidly than others. Technological innovation is the critical element in bringing out development. Colonialism and exploitation did occur, are not sufficient reasons to explain why certain countries, failed to develop. Emphasis on capitalist mergers and the exploitation of african labor. The need for achievement important to growth. Economic dvm is also a change in social structure. 5 stages of growth: traditional society, pre-conditions for take off, take off, drive to maturity, high mass consumption. 5 social relations that change with development. World values survey: traditional vs. secular-rational, survival vs. self-expression. Persistence of traditional values based on cultural zone.

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