Colonialism involves a country conquering and ruling over other regions. Modernity refers to the narrative of continual progress based on reason and universal principles that separates humanity from nature. The modernization theory of the 1940s proposed economic development as the solution to poverty but failed in many post-colonial countries due to cultural factors like particularism, collectivism and ascription that differed from Western individualism and universalism. Global inequality results from core nations exploiting resources from peripheral nations, creating a cycle of dependence.