This article is an attempt to critically consider the modernization paradigm of the study of social and socio-political processes in a manner that would allow one to clarify the respective paradigm ‘s contribution to understanding and analysing the processes of global social, economic and political development. The article argues that an insufficient objectivity and deterministic nature of the modernization theory should lead one to consider the need for a major revision of the assumptions as to linear and deterministic development of the state and society as adopted from the classical statement of the modernization theory. The author provides both an overview of the unfolding of the modernization theory in its classical version, by paying ...