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Need an research paper on modernization and early dependency theory. Needs to be 6 pages. Please no plagiarism. Modernization theory needed change since the liberal or neoliberal approach to economic development for lesser developed countries was not successful in many cases. Nations that served as examples of the failure of this developmental approach served as reminders as to why the theory needed to be changed and altered to fit the modern viewpoint of the world. On the other hand, the idea that smaller, weaker countries depend on developed countries within the region to provide economic stability was weakened by examples that defied the approach given by the theory. In essence, as described by Roxborough (1988), “Modernization, dependency, world-systems theory, and what are sometimes referred to as “modes of production” approaches do not represent separate and competing bodies of thought (Roxborough, 1988, Pg. 753)”. This is perhaps the best explanation of how the theories have changed since the overlap which is created between them has made them complementary theories.

An electoral democracy comes into being where the government is formed through a popular vote by the people who have the right to vote for the government. Of course, such a democracy can be a sham democracy since the elections or the electoral process can be rigged or the existence of only one party or ruling family would defeat the purpose of having an electoral democracy. The economic system in an electoral democracy can be anything from a capitalist system to a communist approach. A better form of democracy would perhaps be experienced in a liberal democracy which has both an elected government and the guarantee of civil liberties through a constitution or the courts which uphold the liberties of the people (Dahl et. al., 2003).

A liberal democracy may also come with a capitalist agenda that promotes the idea of free trade and less government interference in business.&nbsp.