Does modernization theory adequately explain the levels of Assignment

Does modernization theory adequately explain the levels of socioeconomic growth in the developing world Support your answer with appropriate examples - Assignment Example tion theory thus takes into consideration the internal dynamics with a focus on cultural and social structures as well as adaptation of new and appropriate technology. This can be seen in the development of nations like china. Socio-economic growth on the other hand is the process of economic prosperity and social development in a society. It is a process that is elite-directed and concentrates power to produce growth trajectory in households’ living standards and culture. It is therefore measured by the indicators which include GDP, literacy, employment levels and life expectancy among others. Socio-economic growth can be impacted by changes that include: laws, ecological changes, new technology as well as changes that affect the physical environment (Baumgartner, Burns, & DeVille, 2014). Understanding these two terminologies, the essay thus holds the view that modernization theory adequately explains the levels of socioeconomic growth in the developing world. This essay will give an explanation as to why the above statement is correct supporting them with examples. It is correct to state that modernization theory adequately explains the levels of socioeconomic growth in the developing world. Let us decipher this, modernization theory focuses on internal factors within a country to be responsible for underdevelopment. These internal factors may include: literacy, the attitude of the populace, communication, infrastructure, agrarian structure, laws, among others. In this essay the listed internal factors will therefore be discussed one by one to understand their implication on socio-economic development of a country. In so doing, each of the factors will be evaluated in terms of their impact on the countries physical environment, ecological changes, technology and laws and subsequently their implication on a country’s GDP, literacy, employment levels and life expectancy among others. Modernization theory takes into consideration the internal dynamics with