Here the social and economical development of countries and inequality existing between countries in relation to technology and other aspects are explained.
In world system theory the focus is on the capitalist fashion of world system existing across the globe. This world system has few particular features which it has maintained throughout the centuries that globalization seems like an unfair concept. The modern world system had it beginning in the 16th century where there was an up rise of feudalism in the western world. This demanded innovation of new technology and rise of industrialization which lead the spread of European trade to other parts of the world. According to Hall (2000,pg 23) “Wallerstein’s modern world system is only the most recent transformation of the ancient one “The military strength and transportation of the western world became strong which enhanced the economic ties of countries with each other. There existed an unequal relationship between Europe and other nation which resulted in unequal social development.
The modernization theory is a concept wherein there is a belief that by introducing modernization in agriculture, trade, transportation and technology countries can strengthen their economical and social standard. Modernization theory emphasis that underdevelopment of a country is caused by the incapability and incompetency of the internal working system of it. According to this theory, the country is undeveloped because of the values, beliefs attitude of the people, the government of the country and its policies. A country can be prospering only of it change according to the new demands of its people and tapping the resources of the country in the best possible manner. As per Blaney(2002,pg103 – 137) “Since the putative end of the Cold War, modernization is increasingly remained as a global process— as an expanding liberal zone of peace, a global civil society, or as emerging forms of global