Which theory of development suggests that we must look at larger global structures to develop stable and sustainable economies?

Modernization Theory

Explanation:

The modernization Theory was originated by Max Weber and further developed by the Harvard Sociologist Talcott Parsons. The theory focuses on various internal factors and socioeconomic development of a society such as education, political structures and market-based economies. It explains the modernization process and transition from pre-modern/ traditional to modern society.

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