Explain some of challenges that modernization theory faces, Microeconomics

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Explain some of challenges that modernization theory faces

Problem

Identify and explain some of the challenges that modernization theory faces When applied to Third World societies. What alternative theories have been promoted to explain the reasons for Third World poverty. Please explain and compare.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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