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What is Dependency Theo-WPS Office about?
Dependency theory, developed by Latin American scholars in the 1960s-70s, argues that underdevelopment in Latin America is a result of exploitation by wealthy nations through unequal trade practices. It highlights the core-periphery structure where wealth flows from the periphery to the core, and discusses historical roots in colonialism, key thinkers, and the concept of Import Substitution Industrialization as a response. Despite facing criticisms, the theory remains relevant for analyzing economic inequal
- Author
- radzmiah
- Language
- EN