How does modernization theory explain global inequality? How does world system theory explain global inequality differently? What can we learn from each approach that might help address the issue of global economic inequality?
What will be an ideal response?
- Modernization theory (structural-functional analysis): Differences in culture and technology are the major reasons for global inequality. While some countries have shown eagerness to change and adopt new technology, others remain more traditional. The United States and other rich countries are part of the solution to global poverty because they help lower-income countries develop economically.
- World system theory (social-conflict analysis): Colonialism created inequality, and the world capitalist system, dominated by multinational corporations, continues to enrich some nations at the expense of others. The United States and other rich countries are part of the problem because they benefit from the capitalist world economy while making other nations poor.
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