1. Modernization Theory
... (Preston, 137) Also involved was the United States and their interests of capitalist business in maintaining access to the territories of the Third World, the Marshall Plan for recovery in Europe, and a strong nationalist developmentation amongst replacement elites. In Growth Theory the economist John Maynard Keynes states that theory "shows that it was possible for economies to go into depression ... (General Agreement on Tariffs and Trade) and the Marshall Plan for European Recovery. One of the reasons for their establishment was U.S. self-interest and fear of communism. Economic recov...
- Word Count: 1471
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate