Title: Modernization: Is it Pathway to Achieving Sustainable Economic Growth and Investments
Abstract: Generally, modernization scholars argue that industrialization process is considered to be the main stem in the process of economic growth and economic development. Modernization is a study of the social, political, and cultural consequences of economic growth and the conditions that are important for industrialization and economic growth to occur (Eisentadt 1966; Hountondji 1996). Ideally, a degree of circularity often characterizes discussions of social and economic change involved in modernization processes because of the notion, embedded in most modernization theories, of the functional compatibility of component parts.
Publication Year: 2016
Publication Date: 2016-01-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 6
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