Disputed term/author/ism | Author![]() |
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Modernization | Acemoglu | Acemoglu I 443 Modernization theory/Acemoglu/Robinson: Modernization theory has a wide following both within and outside academia. Recent U.S. attitudes toward China, for example, have been shaped by this theory. George H. W. Bush summarized U.S. policy toward Chinese democracy as “Trade Acemoglu I 444 freely with China and time is on our side.” AcemogluVsModernization theory: Modernization theory is both incorrect and unhelpful for thinking about how to confront the major problems of extractive institutions in failing nations. The strongest piece of evidence in favor of modernization theory is that rich nations nations are the ones that have democratic regimes, respect civil and human rights, and enjoy functioning markets and generally inclusive economic institutions. Yet interpreting this association as supporting modernization theory ignores the major effect of inclusive economic and political institutions on economic growth. >Economic growth/Acemoglu, >Institutions/Acemoglu. |
Acemoglu II James A. Acemoglu James A. Robinson Economic origins of dictatorship and democracy Cambridge 2006 Acemoglu I James A. Acemoglu James A. Robinson Why nations fail. The origins of power, prosperity, and poverty New York 2012 |
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