Modernization vs. Dependency Theory

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What is the difference between economic and social underdevelopment?

There are many distinct differences between social and economic underdevelopment. Social underdevelopment refers to such factors as low education rates and high rates of illiteracy. Some of the factors that are used to measure social development are life expectancy and adult literacy rates. These factors represent many of the most important challenges facing third world countries in their effort toward modernization.

In contrast economic underdevelopment refers to the economic factors which results in poverty in third world countries. Some of these factors as seen on the national level include low per-capita income, as expressed by low GDP per capita, highly unequal distribution of income, poor infrastructure, lack of availability of modern technologies, and low consumption of efficient energy sources. At the individual level the effects of economic underdevelopment are poverty, unemployment, lack of adequate housing and poor health due to ... Continue Reading