Modernization Theory

Modernization Theory
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Modernization theory
This refers to a particular theory that is used to indicate the procedure of modernization and
development in various perspective within the society. This particular theory evaluates internal
factors of a nation while having the perspective that the less developed states have the capability
to continuously develop.(Henry,1971). Modernization theory tries to indicate the available social
variables that ensure tremendous social progress and the development of the contemporary
society while attempting to discuss the procedure existing of social revolution. This paper
discusses various theories.
Over the years this particular theory have been a huge subject of critics who are mainly socialist,
systems theorist,globalization,dependency hypothesis and distinct ideologies from free
market.conversely,it emphasizes on the required process of change and the immediate response
resulting from the same change (Hicks & Streeten,1979). Modernization theory is also
significant since it highlights an internal dynamics while stressing mainly on other social and
cultural sub structures and also adapting advanced technologies across the global domain.
Therefore this paper attempts to critically discuss various central theories and approaches to
international development.
Rostow's model of economic development
This theory is one of the structuralism approaches regarding economic development.Rostow’s
principle postulation is that it is intelligent and basically conceivable to identify stages of
improvement to characterize society as indicated by those stages. Whereby he distinguished the
steps by thinking about profitable limit and innovation, fabricating industry, transport and
sparing contributing and exchange, these stage are as per the following;- Traditional society, this

stage is portrayed by subsistence farming or chasing &gathering; entirely an "essential" area
economy, restricted innovation, a static or 'rigid ‘society, absence of class or individual monetary
portability, with soundness organized and change seen negatively.Pre-conditions to "take-off",
which is described by outside interest for crude materials initiates financial change, improvement
of progressively gainful, business agribusiness and cash crops not devoured by makers as well as
generally sent out, across the board and upgraded investment in changes to the physical
condition to extend generation (for example water system, channels, ports)increasing spread of
innovation and advances in existing advances, changing social structure, with past social
harmony presently in motion, singular social portability starts, improvement of national character
and shared financial interest (Nem Singh & Ovadia,2018). Under this phase of monetary
development is being blessed by assembling begins to legitimize and scale increments in a
couple of driving businesses, as merchandise are made both for export and residential utilization,
the "auxiliary" (products creating) area extends and proportion of secondary versus essential
areas in the economy moves rapidly towards optional, materials &apparel are normally the main
"take-off" industry, as occurred in Great Britain's classic “Industrial Revolution" Drive to
development, Rostow endeavored to clarify how the advancement of economic encompasses an
enhancement of the mechanical base; different enterprises extend and new ones take root rapidly,
producing shifts from speculation driven (capital products) towards prospective customers
(Kennedy, 2010).
It also involves Durables and household utilization, quick advancement of transportation
foundation, extensive scale interest in social framework (schools, colleges, emergency clinics,
etc.) (Wong,2017). Age of high mass utilization, it is being ascribed by the modern base
commands the economy; the essential segment is of significantly lessened load in economy and