MATCHING -Modernization Theory

Multiple Choice

MATCHING
-Modernization theory

A) The process whereby Western nations established their rule in parts of the world away from their home territories
B) The economic belief that free-market forces, achieved by minimizing government restrictions on business, provide the only route to economic growth
C) The world economy is made up of core, semiperiphery, and periphery countries
D) Marxist theory of economic development
E) Worldwide networks of labor and production processes yielding a finished product
F) Argues that low-income societies can develop economically only if they adopt modern economic institutions, technologies, and cultural values
G) Under certain circumstances, poor countries can still develop economically, although only in ways shaped by their reliance on wealthier countries