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The modernization theory of poverty wealthy nation

The modernization theory of poverty wealthy nation

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The modernization theory of poverty wealthy nations; Paris Agreement

The modernization theory of poverty wealthy nations are wealthy because they

developed appropriate beliefs, values and practices for trade and industrialization. As

a result, they experience a rapid economic growth (Zambakari, 2018). On the other

hand, the theory argues that poor nations continue in poverty since they failed to

develop the values, practices and belief systems adopted by wealthy nations, rather,

they continued in their traditional beliefs that hindered modernization and industrial

development. Based on this theory, the European countries became wealthy because

of the correct values, beliefs and culture for trade and industrialization (Zambakari,

2018). In 2015, the US president, Barrack Obama envisioned “a world that is safer

and more secure, more prosperous, and more free.” He made this pronouncement,

stating that the U.S and other 200 countries had committed to the Paris Agreement in

the fight against climate change. The international agreements such as the Paris

Agreement and Kyoto Protocol treaty have played and continue to play significant

role in the reduction of poverty.

International agreements creates a platform upon which different countries share

desirable values and practices that facilitate industrialization and economic growth

(Dimitrov, 2016). The claim that such agreements perpetrate modernization of

poverty does not hold. The theory of modernization of poverty suggests that countries

become poor by holding onto traditional values, belief systems and cultural practices

that are not welcome to industrialization and economic growth (Dimitrov, 2016).

International agreements and legislation provides avenues for sharing of ideas and

resources for economic growth. The exchange of ideas and deliberations on global

crises helps passing of desirable practices and values that are necessary for economic

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growth. Therefore, international agreements and legislation do not encourage or

facilitate modernization of poverty.

The central aim of the Paris Agreement is to strengthen the global response to

the threat of climate change. The agreement intends to achieve this by keeping a

global temperature rise below 2 degrees Celsius above pre-industrial levels in the

current century (Dimitrov, 2016). Besides, it aims at pursuing the efforts to limit the

increase of temperature even to 1.5 degrees Celsius. Although the main purpose is to

control the threats of climate change, this can be achieved by increasing the ability of

the countries to handle the impacts of climate change and facilitating a flow of

finances on the climate-resilient pathways and in consistent with a low GHG

emissions (Dimitrov, 2016). Achieving this would require appropriate mobilization of

resources, development of new technology and enhancement of capacity building

among the countries. Based on the agreement, the development of new technology,

and enhanced capacity building would help in supporting the most vulnerable

countries and the developing countries to realize the goals in line with their national

objectives. This is a move towards ensuring that the poor countries have established

capacity for economic growth (Bodansky, 2016). International agreements are

therefore significant in enhancing capacity building of nations for a shared prosperity.

It does not impede development or promote modernization of poverty.

Further, international legislation and agreements ensures that countries put

forward their best efforts through nationally determined contributions. The

agreements also aim at enabling countries strengthen these efforts in the coming years.

For instance, the Paris agreement requires all parties to report their emissions on

regular basis and their efforts on implementation (Bodansky, 2016). In other words,

the pact aims at establishing a common culture and practices that will secure the

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The modernization theory of poverty wealthy nations; Paris Agreement The modernization theory of poverty wealthy nations are wealthy because they developed appropriate beliefs, values and practices for trade and industrialization. As a result, they experience a rapid economic growth (Zambakari, 2018). On the other hand, the theory argues that poor nations continue in poverty since they failed to develop the values, practices and belief systems adopted by wealthy nations, rather, they continued in their traditional beliefs that hindered modernization and industrial development. Based on this theory, the European countries became wealthy because of the correct values, beliefs and culture for trade and industrialization (Zambakari, 2018). In 2015, the US president, Barrack Obama envisioned “a world that is safer and more secure, more prosperous, and more free.” He made this pronouncement, stating that the U.S and other 200 countries had committed to the Paris Agreement in the fight against climate change. The international agreements such as the Paris Agreement and Kyoto Protocol treaty have played and continue to play significant role in the reduction of poverty. International agreements creates a platform upon which different countries share desirable values and practices that facilitate industrialization and economic growth (Dimitrov, 2016). The claim that such agreements perpetrate modernization of poverty does not hold. The theory of modernization of poverty suggests th ...
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