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Word Count: 291
Explanations of the root causes for underdevelopment categorized by three different schools Modernization Dependency and Marxism There is not one correct or single cause that can be attributed to underdevelopment in the world There are three principal perspectives or schools of thought on what contributes to the underdevelopment in third world countries modernization dependency and Marxism These three schools of thought are all valuable considerations although they differ and in many respects are contradictory They all have insights that can help understand the causes of poverty in the world 1The Dependency Theory blames capitalism This school of thought believes capitalism is mainly to blame for underdevelopment Capitalistic nations rely on imported natural resources or other products from third world countries The excess capital they enjoy is at the expense of the third world countries they exploit 2The Modernization Theory believes that poverty is caused because a country focuses on their traditional values rather than the global picture At a time when other countries are concerned with technological advances they have a more internal perspective and fail to keep up with the progress going on in the rest of the world In my opinion the author does support his thesis Under the description of each school the author gives a comparison of thinking from other schools While each school is being described he constantly refers to how the other schools differ in perspective What future schools of thought will arise Why havent schools combined to form a new compound theory of poverty I thought it was well rounded and represented many different perspectives Yet it seems to me that the focus should not be placed on the explanations of underdevelopment but rather the solutions and the implementation of ideas to eradicate poverty
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