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Dependency theory is the idea that resources flow from a "periphery" of poor and exploited states to a "core" of wealthy states, enriching the latter at the expense of the former. A central contention of dependency theory is that poor states are impoverished and rich ones enriched by the way poor states are integrated into the "world system".
Neocolonial dependence, also known as the Neocolonial Dependance Model or Dependency Theory is an indirect outgrowth of Marxist thinking which is a subgroup of development economics. According to this doctrine, third world underdevelopment is viewed as the result of highly unequal international capitalist system or rich country-poor country ...
This dependency expresses "subordination", the idea that the development of a country is directly linked to the development of other countries; the development is not brought upon by pre-capitalistic conditions, but rather by the patterns of capitalistic development of the countries together with its insertion into the capitalist system given ...
Amin identified himself as part of the school of global historical materialism, in contrast to the two other strands of dependency theory, the so-called dependencia and the World Systems Theory. The dependencia school was a Latin American school associated with e. g. Ruy Mauro Marini, Theotônio dos Santos, and Raúl Prebisch.
Dependency theory [ edit ] During the 1960s, economists at the United Nations Economic Commission for Latin America and the Caribbean (ECLA) developed an extension of Prebisch's thoughts on structuralism into dependency theory , in which economic development of the periphery is seen as a nearly impossible task.
The concept of unequal exchange was first developed by dependency and world-systems theorists, who questioned the dominant assumption according to which nations’ economic performance is linked to internal conditions, like good governance, strong institutions and free markets and that lower-income countries failed to develop because of their lack of the latter.
Andre Gunder Frank (February 24, 1929 – April 25, 2005) was a German-American sociologist and economic historian who promoted dependency theory after 1970 and world-systems theory after 1984. He employed some Marxian concepts on political economy, but rejected Marx's stages of history, and economic history generally. [citation needed]
Marini is internationally known as one of the creators of dependency theory, [1] [2] [3] Super-exploitation, and Unequal Exchange. He is the author of the work "Dialéctica de la Dependencia" (Dialectic of Dependency), [ 4 ] in which, using elements of the theory of economic development of Karl Marx adapted to the study of Latin American ...