Answer :
Modernization Theory says that inequality is due to technological, educational, and cultural differences between nations.
What is modernization Theory?
The modernization theory clarifies the cultural impediments to development by contending that the conservative traditions and values of developing nations prevent them from progressing.
Modernization theory's two main tenets are related to:
- explaining why 'backward' economic countries have poor people
- supplying a means of escaping underdevelopment.
The industrial model of development is preferred by modernization theory, which promotes large-scale manufacturing in factories rather than in-house or in small workshops. Utilize conveyor belts or automobile plants, for instance.
- Modernization is the process of moving from a "pre-modern" or "traditional" civilization to a "modern" one. According to modernization theory, traditional civilizations will advance as they adopt more contemporary norms.
- The modernization theory's proponents assert that contemporary states are wealthier and more powerful, and that their citizens have greater freedom to enjoy a higher level of living.
- Modernization is required or at least preferable to the status quo due to advancements like new data technology and the necessity to update conventional means of production, communication, and transportation.
- Since it implies that these advances, and not vice versa, determine the boundaries of human connection, this viewpoint makes criticism challenging.
In this scenario, private funds are used to produce things for sale in order to make a profit rather than for personal use.
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