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Q: What are the Advantages and disadvantages of Rostows modernization theory?
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What are the advantages of modernization theory?

Modernization theory suggests that economic development and social progress are linked. It can help countries improve their standard of living by adopting modern technologies and organizational structures. Additionally, it emphasizes the role of education and innovation in promoting economic growth.


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How does participatory theory criticize the modernization paradigm?

The participatory theory criticizes the modernization paradigm on the grounds that it promoted a top-down, ethnocentric and paternalistic view of development.


What is the Modernization theory and the dependency theory?

The modernization theory puts the most emphasis on economic development social and cultural change, and political stability. The theory believes that certain steps can bring success to every country and that the policies and ways of western countries is best. An important difference with the dependency theory is that western countries force their rules and policies on developing countries. The dependency theory was developed to criticize the modernization theory.


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The intended advantage of product life cycle theory is to maximize the profitability of the product. A few disadvantages are that sometimes products can see a revival in sales which the theory does not take into account. In addition, the theory doesn't take into account product redesign potential.