Modernisation Theory Of Economic Development

Development
Development is a kind of discourse built upon the assumption that the political and socio economic problems of the so-called Third World can be solved by the replication of Western capitalist modernization in these countries. Development economics is often traced back to the end of WWII.
Development is the act or process of growing or causing something to grow or become larger or more advanced
Development is improve living conditions and how they should be achieved.
There are three perspectives of practicing development.
Modernization, critical and libertarian. First, Modernization perspective
Countries that are seen as modern are also seen as developed.
Modernization means the appearance of ‘modes of social life or organization

modernization model is to change types of social, economic, and political systems that have developed in Western Europe and North America and then it spread to other European countries and then to the South American, Asian, and African continents" And the western model of economic growth is applicable elsewhere, and that the introduction of modern technologies is important in development. Modernization theory is the most important perspectives in the sociology of national development and underdevelopment since the 1950s. This theory focused on modern way for economic development and change in social, political, and cultural. Modernization perspective based on neo-libertarian and supporting capitalist economic development. We can measures the gross national product. Mechanization or industrialization are ingredients in the process of economic growth. the development of modernization theory in order to modernize the rest of the world in line with American development is interestingly significant in the history of development

Kinship ties are weaker, and nuclear conjugal family systems prevail. And there are many examples of modernization theory. We all know that import limitation plays a big part. By limiting the importation of luxury goods and manufactured goods that can be produced within the country, the country can reduce its loss of capital and resources. Another one is forbidding foreign investment. Some governments took steps to keep foreign companies and individuals from owning or operating property that drawn on the resources of the country. Example:
In the 1960s, theories under the umbrella of "modernization theory" took shape and developed. Modernization theory addresses countries' transformation from traditional to modern forms through looking into the various paths taken by these countries and the characteristics manifested during the process. In the meantime, the theory itself has been undergoing adjustment and evolution amidst the theoretical clashes of many theories of social development. In exploring its road to modernization and learning from modernization theory, China has adopted an approach of drawing on the useful and discarding the unfit elements found in modernization theory. As a result, China has formed its own ideas on development with Chinese characteristics.