What does modernization theory identify as the greatest barrier to economic development?A.governmentB.technologyC.educationD.tradition
Question
What does modernization theory identify as the greatest barrier to economic development?
A. government
B. technology
C. education
D. tradition
Solution
Modernization theory identifies tradition (D) as the greatest barrier to economic development.
Here's why:
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Modernization theory is a model of economic development that explains global inequality in terms of technological and cultural differences between nations.
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According to this theory, countries that are still in the traditional stage of development are characterized by a resistance to change and a preference for maintaining established customs, beliefs, and technologies.
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This resistance to change, according to modernization theory, is the greatest barrier to economic development. It prevents the adoption of new technologies and innovative practices that could boost productivity and economic growth.
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Therefore, while government, technology, and education can all play roles in economic development, modernization theory places the greatest emphasis on overcoming traditional mindsets and practices.
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