Modernization theorists see large corporations as. Modernization theorists see large corporations as? 2022-11-01
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Modernization theorists see large corporations as essential agents of change and progress in society. According to this perspective, the growth and expansion of large corporations leads to economic development and the adoption of new technologies, which in turn drives social and cultural change.
Modernization theory arose in the mid-20th century as a way to understand the process of industrialization and economic development in the developing world. It was based on the idea that societies progress through a series of stages, starting with traditional, agrarian societies and eventually culminating in modern, industrialized societies. According to modernization theory, the key to achieving economic development is the adoption of Western-style capitalism, with its emphasis on free markets, private property, and the growth of large corporations.
Large corporations are seen as important drivers of economic development because of their ability to invest in new technologies, expand production, and create jobs. They also play a key role in the global economy, as they are able to access markets and resources in a way that smaller firms cannot.
However, modernization theory has been criticized for its overly simplified view of social and economic change. It has been argued that the focus on large corporations and economic development has led to a neglect of other important social and cultural factors. Additionally, the growth of large corporations has often come at the expense of local communities and the environment, as they have been known to engage in practices such as outsourcing, environmental degradation, and exploitation of workers.
In conclusion, while modernization theorists see large corporations as essential agents of change and progress in society, this view has been challenged by those who argue that the focus on economic development has led to a neglect of other important social and cultural factors. The role of large corporations in driving economic development and social change remains a complex and contentious issue.
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Values and cultures of the West In comparison, Parsons argued in favour of Western values and cultures, which he believed promoted growth and competition. Although colonialism was soon eliminated when it became very expensive to maintain troops in foreign nations, a new form of exploitation was adopted. It bears noting however, that dependency theorists, in their critiques of modernization, have bestowed little attention upon indigenous institutions such as caste systems and slavery, and the adverse economic effects they have yielded. The model is also viewed as having been oversimplified and out dated. There was a shift from making tangible products to generating ideas. Japan is one of the countries that have been identified as a clear illustration of the modernization theory of economic development. There are various aspects that have been overlooked and the fact that it is based on data collected in the 60s compromises its application in the recent times.
Modernization theorists see large corporations as a offering little to help poor
Modernization theory According to the modern development thinking, economic development was thought to emanate from economic growth although industrialization and political modernization were included. This theory is often used to explain the economic conditions of the Latin America. In this stage, the economy diversifies, service industries develop and population growth stabilizes. The Times London , p. A likely outcome of this was the feeling of fatalism, whereby one would resign oneself to a category imposed upon oneself by others.
There was the privatization of various state owned properties, a fact that led to their increased efficiency as well as effectiveness. Comparative Studies in Society and History. Neo-liberalism has also charted an unparalleled path towards economic growth. The dominant, neoliberal model of globalization often increases disparities between a society's rich and its poor. Criticisms Much of the criticism modernization theory has garnered stems from the proponents of They argue that this unequal relationship is preserved by the purported exploitation which world trade embraces.
Modernization theorists see large corporations as a offering little to poor
Intl Food Policy Res Inst. They believe capitalist development aims to generate more wealth and extract cheap raw materials and labour from developing countries to benefit developed nations. The Economic History Review, 12 1 , 1—16. When, for instance, a government official or a CEO gives a job to someone based on blood-kinship, ethnic group identity or friendship as opposed to individual merit , the best of human capital would be underutilized. Social Origins of Dictatorship and Democracy: Lord and Peasant in the Making of the Modern World, Beacon Press, Boston, 1966. Chicago: University of Chicago Press.
Modernization theorists see large corporations as?
Other reforms ranged from the modernization of the banking sector, reforming of the tax regimes to the unification of the national currency. This theory is also criticized for failing to put into account the role of interrelationships between countries which affect their economic as well as social conditions. This stage occurs for an extended period of time, as The fifth stage of modernisation: the age of high mass consumption This is the final and - Rostow believed - the ultimate stage: development. In 1900 some 80 per cent of the national budget was still being swallowed up by debt repayments. Various theories have been developed to explain economic development in nations with the major theories being the dependency theory, modernization as well as neo-liberalism. The stages of economic growth: A non-communist manifesto.
However, when men in poor nations acquire extra money, they often spend it on alcohol, tobacco, and gambling. The Stages of Economic Growth: A Non-Communist Manifesto. SAPS have however failed to bring about economic development but instead lead to the misery of many in the less developed countries. Neo-liberalism theory Neo-liberalism theory of economic development argues that there is nothing special with the developed nations and that development is merely due to the adoption of right prices while letting the market forces work effectively. London: Routledge Press, 2017, Ch. In January 2010, an earthquake with a magnitude of 7. That dramatic change through the centuries that has evolved socially, industrially, and economically, can be summed up by the term modernization.
That view makes critique difficult since it implies that such developments control the limits of human interaction, not vice versa. Where does the truth lie? Examples of modernisation theory This brief section takes a look at some examples of the implementation of modernisation theory in the real world. The need for other infrastructures like education, roads, rails and communication were also undermined and they are important to register economic development. The theory implies that people in poor nations must learn the proper beliefs, values, and practices to succeed economically. Latin America: Underdevelopment or Revolution. Janos, Politics and Paradigms: Changing Theories of Change in Social Science.
The Encyclopedia of Democracy. Indeed, the government had spared no effort in enlightening the populace on the need to play an active role in building of the economy and rewarding private entrepreneurship with selective subsidies. Modernisation theory is a particularly controversial one. One it leads to a shift in the policies adopted in a nation to favor more reliance on the market and secondly it leads to a reduction in the state involvement in the society. These economies have limited access to technology and modern industry.