Global Inequality And Poverty

There are two major explanations for the unequal distribution of the world's wealth and power: modernization theory and dependency theory. Each theory suggests a different solution to the suffering of hungry people in much of the world.

Which theory do you find most useful or valid in explaining global inequality and poverty?

Modernization theory is a model of economic and social development that explains global inequality in terms of technological and cultural differences between nations. If you choose this theory then you need to discuss Rostow's four stages of economic development and include several strengths and weaknesses of this theory.

Dependency theory is a model of economic and social development that explains global inequality in terms of the historical exploitation of poor nations by rich ones. If you choose this theory then you need to discuss Wallerstein's Capitalist World Economy and include several strengths and weaknesses of this theory.

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