Question

Which of the theories of global inequality do you agree with more? Explain your reasons.

Comment: Marx described four contradictions within a scope of Dependency theory. Another approach to the explanation of global inequality is called Modernization theory.

Answer 1

step-1

Transcript of theories of global enequality which is propunded by janaya Smith.This theories show that, when most of the people live in wealthy , but 20% are too poor even come to close low standard of living.in terms of economic development, those socity which have more develop in technology and industry are more economical growth but sill under developed and developing countries are struggle for economic advancement.such kind global issue like mortality rate, illiteracy, improverished and proverty due to inequal distribution of wealth etc are major causes of global enequality which are observed in modernization theory.

step-2

Marx describe four contradiction of dependency theory.

Dependency theory doesn't give clear idea of nature and history of capatalism .

2.it is true develoment is take place under capatalism but there will be more enquility and suffered prolatriat people..

3 . Dependency theory need for expand and refine in class analysis and individual characteristic of under develop countries.

step-3

Modernization theory linked global enqualities in diffrent level of economic development and suggest that low income can move middle and high economic by achieving self sustained.

The low income and less developed nation can only improve their standard of living only with period of intensive exonoeco growth and accompyning changes pepplp with attitude, values , beliefs ,towards work Modernization is key components to demolished global inequlitues through rational and sceintific thought, open minded and free from domgmatism outlook etc.