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Globalization: Modernization vs. Dependency Theory Over the last hundred years many events and situations have occurred throughout the world which have affected not only the areas that they took place, but because of industrialization, media relations, politics, and economic factors, have affected the world as a whole. Some of these occurrences have been negative and some have been positive. Events that take place in very influential countries, such as the United States, also have a tendency to make a larger impact on other countries because more relationships are tied through them. This makes countries like the United States able to purposely sway decisions in a beneficial direction, which is why the way the United States conducts its business is criticized so thoroughly. There are some people who believe that this effect (globalization) is a good thing and that “…social and cultural change could take place in all societies through industrial capitalism.” These are the people who believe in the modernization theory. There are also some people that believe this is not a good thing and that it leads to “…global inequality as resulting from historical exploitation of the poor, underdeveloped societies by rich, develop