Another sticky point about the modernization theory is that it must be addressed accordingly. Nations that model the modernization theory may find themselves at certain sticky points such as developing too fast. If the state develops too fast, society may become unstable because of the onslaught of political change. Handelman points out that the Southern American states faced social instability because of the class differences, which led to military coups and so forth. .
The dependency theory states that third world nations should develop their own economies. If the third world state develops its own economy, the state will not be at the mercy of the larger state. If a dependency state maintains an economy based on its own goods, it would be able to develop at its own pace. While developing economically, the dependent state would then able to embrace new political freedoms too. The dependency theory could work for the states that want to introduce political freedoms to a society slowly. Meaning, with gradual introduction of economic freedoms comes newly found political freedoms. The dependency theory is good for those nations that do not want to depend on major powers. However, because the nation is undertaking the dependency model, it could lead to lower human rights, an authoritarian government, and loss of sovereignty. The dependency theory, if used correctly, could be a useful means of developing a nation. South East Asia is a fine example of the dependency model. For example, Singapore is economically developed; however, the human rights still lack. .
I believe that the best way to develop a third world country is by using the dependency model with the formula of democracy. By allowing a country to develop its own economy, it can in a sense emulate what the first world countries did in the past. Meaning, the country can develop its own economy with its own path just as the U.
