Dependency theory examines the economic disparities between developed and developing nations, attributing them to historical colonial exploitation. It critiques the global capitalist system that maintains unequal relationships, suggesting alternative development strategies for self-reliance and internal growth. The theory emerged in the 20th century, offering insights into neo-colonialism and pathways to counteract economic dependency.
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Developed nations have developed at the expense of developing nations, leading to a state of dependency
Built upon the extraction of resources, labor, and capital from less developed nations
Developed nations have benefited from the exploitation of resources and labor from developing nations
Underdevelopment is not just a stage on the path to modernization, but a result of the global capitalist system
Dependency theory gained prominence through the works of scholars like Andre Gunder Frank, Fernando Henrique Cardoso, and Theotonio Dos Santos
Imperialism by Lenin and Hobson
Dependency theory was influenced by earlier economic theories of imperialism
Structuralist Economic Thought in Latin America
Dependency theory was also influenced by the structuralist economic thought that emerged in Latin America
Colonialism often led to the restructuring of local economies to serve the interests of the colonizers
Colonial rule imposed new social hierarchies and governance structures that have had lasting impacts on post-colonial societies
Neo-colonialism perpetuates the unequal economic relationships established during the colonial period
Developed countries maintain control over developing economies through multinational corporations and international financial institutions
Some theorists advocate for developing countries to break away from the exploitative global capitalist economy
Import Substitution Industrialization
Some countries have pursued import substitution industrialization as a means to foster self-reliance and develop internal markets and industries
Socialist-Oriented Approaches
Some countries have pursued socialist-oriented approaches to development in order to counteract dependency
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______ theory examines the economic and historical ties between advanced and less advanced nations, especially after colonialism.
Dependency
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The ______ of richer nations is often attributed to the exploitation of resources and labor from poorer nations, according to a certain theory.
wealth
02
Influences on Dependency Theory
Influenced by Lenin's and Hobson's economic theories of imperialism and Latin American structuralist economics.
