Asked by Olivia Gullett on May 04, 2024

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Modernization theorists argue that multinational corporations and rich companies supported local authoritarian governments in the postcolonial period to continue their exploitation of poor countries.

Modernization Theorists

Scholars who focus on the process and impact of modernization, typically emphasizing the transition from traditional to modern societies and its effects.

Multinational Corporations

Large business organizations that operate in multiple countries, often exerting significant economic and political influence in the global market.

Authoritarian Governments

Political systems characterized by strong central power and limited political freedoms, where dissent is often not tolerated and control is maintained through various means.

  • Critique the foundational theories of economic development, namely modernization theory, dependency theory, and the world-systems theory.
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Balis PressleyMay 04, 2024
Final Answer :
False
Explanation :
Modernization theory primarily posits that economic development and cultural changes will lead to stable democracies in previously colonial or underdeveloped countries. It does not focus on the role of multinational corporations and rich countries in supporting authoritarian regimes for exploitation purposes; this critique is more closely associated with dependency theory and world-systems theory.