In a sentence or two, discuss the thesis of the Modernization Theory. Then list and discuss all four stages. Next, in a sentence or two, discuss the thesis of the World Systems Theory. Then list and discuss each economic zone. Lastly, discuss a limitation/weakness of each theory. (22 points) Your Answer: The theory of modernization explains the process of modernization within societies. It refers to a model of progressive transition from a pre-modern or traditional society to a modern one. 1) traditional society, 2nrerna