Modernization Theory Approaches and Entrepreneurship Principles Quiz

Liberal, Conservative, Social Democratic

Emphasis on universal social rights, high levels of decommodification, generous social benefits, and aim to reduce social inequalities.

Conservative Welfare States

Unequal power relationships between core and peripheral countries lead to dependency and underdevelopment.

By using active government intervention in the economy to promote social welfare and economic stability.

Societies pass through stages of development, and industrialization leads to social progress.

Modernization theory posits that societies progress through a series of stages as they modernize, with economic development leading to social and political change.

The Theory of dependency argues that the economic development of the Global South is constrained by its dependency on the Global North for capital, technology, and markets.

The Political Comparative Economy approach examines how political institutions and policies influence entrepreneurship and economic outcomes across different countries.

Fordism refers to the mass production system pioneered by Henry Ford, characterized by assembly-line production and standardized products. Post-Fordist production models emphasize flexibility, innovation, and customization in response to changing market demands.

Welfare States play a role in shaping the social contract between labor, capital, and the state within different production regimes. They provide social protections and support for workers, influencing labor market dynamics and industrial relations.

Welfare state regimes can have gendered effects, as they may reinforce traditional gender roles, provide or restrict access to childcare and healthcare services, and impact women's labor force participation and economic independence.

Fordism is a system of mass production named after Henry Ford. The roots of its crisis include overproduction, lack of product diversity, and worker dissatisfaction.

The main production models after Fordism include Flexible Specialization, Just-in-Time production, and Lean Production.

Welfare states play a crucial role in shaping production regimes by providing social protections and influencing labor market dynamics.

The core principles include analyzing how institutional differences affect entrepreneurial behavior and examining the impact of government policies on entrepreneurship.

A Keynesian Welfare State is based on the economic theories of John Maynard Keynes and aims to stabilize the economy through government intervention, such as fiscal policies and social welfare programs.

The main approaches in Modernization Theory are the First Modernization Theory, the Theory of Dependency, and the Comparative Political Economy approach.