Skidmore and Cruz present two theories, Modernization theory and Dependency theory. Modernization theory is that positive material expansion yields positive social equal rights. Dependency theory states which a dependent overall economy yields or brings cultural inequality, which in turn can lead to personal authoritarianism.
Skidmore and Cruz state that habbit theory distorts modernizations believed outcomes. Mercantilism is a form of dependency.
The social, financial and personal outcomes via Modernization seem to be positive. Socially, the transition from a rural to an urban world will bring an alteration in principles. People will begin to participate in voluntary organizations which just an authentic democracy requires. A middle class would emerge to play a progressive and economic function in world. This theory shows that they weren't different just lurking behind. Skidmore and Smith's modernization theory is employed to describe the size of development.
The social, economical and personal outcomes of a dependant economy are adverse. Social inequality will appear and the different classes will become additional and further aside. Economically Latin America depends on foreign markets, which usually " throughout the 20's a depression took place. " Financially Latin America exported recycleables and brought in finished merchandise. This leads to development without advancement. Economic addiction leads to a political authoritarianism.
The causative variable for these outcomes that Skidmore and Smith stated is monetary dependency. You will discover two types of economic dependency that Skidmore and Cruz explain. They are really mercantilism, the colonial period, and the ECLA thesis, content 1880 period. Mercantilism can be described as dictated economical policy that emerged through the colonial period. Mercantilism necessary colonies to generate raw materials intended for the mom country. The mother nation would supply the colonies with finished products in return. This arrangement was geared toward the economic richness of the mom country...