Question: Rostow’s Stages

Answer: 1.Traditional Stage

2. Take-off Stage

3. Drive to Technological Maturity

4. High Mass Consumption

Question: World Systems Theory

Answer: Theory originated by Immanuel Wallerstein and illuminated by his three-tier structure, proposing that social change in the developing world is inextricably linked to the economic activities of the developed world.

Question: Dependency Theory

Answer: a model of economic and social development that explains global inequality in terms of the historical exploitation of poor nations by rich ones

Question: Commodity Dependence

Answer: An economy that relies on the export of primary commodities for a large share of its export earnings and hence economic growth