Explain core theoretical bases of Modernization theory with examples.
Modernization theory is a sociological and economic perspective that seeks to explain the process of societal development and transformation from traditional to modern forms. It emerged in the mid-20th century and is rooted in the works of scholars like Walt Rostow, Seymour Martin Lipset, and Daniel Lerner. The theory posits that societies progress through a series of stages, marked by economic growth, technological advancement, and social change, leading to improved living standards and democratic governance.
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