About this document
Understanding Dependency Theory by Frank by Venkat Babu is a document available to read on EtoBox.
Dependency theory posits that resources flow from underdeveloped countries to wealthy nations, enriching the latter at the expense of the former. Developed in the 1950s by Raúl Prebisch and others, it critiques modernization theory and emphasizes the historical and ongoing exploitation of peripheral nations by core capitalist countries. Critics argue that the theory is overly focused on economic factors and may not apply universally beyond Latin America.
- Author
- Venkat Babu
- Language
- EN