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colleen colleen
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11 years ago
What are the explanations offered for the relative "underdevelopment" of Latin America? Which explanation seems to be the most sufficient explanation?
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Sunshine ☀ ☼
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11 years ago
Modernization theory: development based on ability to follow pattern of Western industrialization; social change and improvement natural occurrences that accompany process of industrialization; Latin America failed to industrialize, thus failed to emulate development of West successfully. Dependency theory: development of industrialized nations accomplished at cost of Latin American underdevelopment; industrial nations drew raw materials, labor, profits from dependent economies; industrial nations accumulated capital; economy of dependent nations determined by external forces.
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colleen Authorcolleen
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11 years ago
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