... earlier but did not choose to use it to promote economic expansion. Similarly, the nineteenth century proved to be an era of increased international commerce, triggered by the industrial revolution but, in the 1930s, this economic expansion was reversed as political turmoil created the Great Depression. The contemporary phase of globalization only started to return global economic activity ... view, colonialism began the process of preparedness, but there is still much for developing countries to learn. Modernization theory drew on the historical experience of the European Industrial Re...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate