In the 1950s, many economists predicted that postcolonial nations would follow the same trajectory toward economic development as industrialized nations. Which term best defines this belief?

Question

Social Studies

Ella Walsh

24 June, 03:28

In the 1950s, many economists predicted that postcolonial nations would follow the same trajectory toward economic development as industrialized nations. Which term best defines this belief?

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Answers (1)

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Rory Pacheco · Answer 1

Modernization theory.

Explanation:

Modernization theory is a concept used to describe a nation's cycle of transformation as it moves from a traditional to a modern one. It emerged in the 1950s as an explanation of how North America and Western Europe's industrial societies evolved. It is based on the notion that technological advancement, scientific progress, technological advancement, mobility, and economic growth are vital elements of industrial societies and continuously strives by developing nations.