This word is from the Spanish modernización.
modernisasyon
modernization
Modernization is the transformation from a traditional, rural, agrarian society to a secular, urban, industrial society.
Modern society is industrial society.
To modernize a society is, first of all, to industrialize it. Historically, the rise of modern society has been inextricably linked with the emergence of industrial society. All the features that are associated with modernity can be shown to be related to the set of changes that, no more than two centuries ago, brought into being the industrial type of society.

