Dependency Thory

habituation Theory how relevant is it today? Amit Jyoti Sen Indian counterbalance of Management Calcutta Introduction: Basic tenets of dependance theory dependence theory is based on the notion that there is a group of wealthy states (core) and a periphery of poor interrupting states (Third world). Resources ar extracted by the core from the periphery to sustain their scotch yield and wealth. This is an on going process. According to dependency, theory privation and underdevelopment in the fringy states is not the result of tradition or backwardness. It is prerequisite for the development of capitalism in the core states. In other words the very success of the core states is the lawsuit of underdevelopment of the periphery. This is because of the autocratic and exploitative manner by which the peripheral states beat been integrated into the world rescue. Thus underdevelopment is not just a childlike descriptive term that refers to a traditional economy. It is root i n nonequivalent veer based on imperialism. This unequal exchange has not only enabled the developed world to develop and move on high standards of living but it continues to allow them to do so. addiction theory has to be contrasted with free market political economy which argues that integration into the world system of production is beneficial.

On the backsliding dependency theory sees the global economy is characterized by a structured relationship between the core states which, using political, legions and sparing power extract a surplus from the peripheral countries. any(prenominal) attempt by the dependent nations to resist the influences of dependency oftentimes result in e conomic sanctions and/or war utensil invas! ion and control. Origins: There are several variants of dependency theory. matchless originated in Latin America and can be regarded as that regions original contribution to political economy. few other is the American-Marxist tradition developed by Baran, Sweezy, Gunder Frank and Wallerstein. just now the ideas are not new. The...If you want to get a abundant essay, arrangement it on our website: OrderEssay.net

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