There is much criticism that modernization theory is Eurocentric. Do you think dependency theory and globalization theory are also biased? Why or why not? Compare and contrast modernization theory, dependency theory, and globalization theory. Which do you think is more useful for explaining global inequality? Explain, using examples.
Yes both theories are biased and have Eurocentric approaches. Globalisation theory and dependency theory have failed to overcome relationship. Dependency theory and modernization theory are used in considered in underdeveloped nations for their objective study. Globalization theory is the best to explain the inequality between countries because economical development are critically compared.