Answer:
The correct answer is: d) modernization theory
Explanation:
Within Development Economic literature, the modernization theory states that global inequalities are due to cultural differences between countries, and suggests that poor and under-developed countries should follow the industrialization path previously undertaken by rich, developed countries.
In contrast, world-system analysis, neocolonialism theory and dependency theory focus on exploitation of the poor countries (periphery) by rich countries (center) as the main source of inequality.
