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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 ...
Neocolonialism is the control by a state (usually, a former colonial power) over another nominally independent state (usually, a former colony) through indirect means. [1] [2] [3] The term neocolonialism was first used after World War II to refer to the continuing dependence of former colonies on foreign countries, but its meaning soon broadened to apply, more generally, to places where the ...
In some instances, the exploitation of periphery countries' agriculture, cheap labor, and natural resources aid core countries in remaining dominant. This is best described by dependency theory, [2] which is one theory on how globalization can affect the world and the countries in it. It is, however, possible for periphery countries to rise out ...
Semi-peripheral countries are tied into dynamic world systems that focus on the reliance of poor nations upon the wealthy, a concept known as the dependency theory. [6] The term semi-periphery has been applied to countries that existed as early as in the thirteenth century. [ 7 ]
The theory of unequal exchange is a rejection of the fundamental assumptions of Ricardian and neoclassical theories of comparative advantage, which claim that free trade based on comparative costs is beneficial to all parties and in turn represents the theoretical justification of neoliberal trade policies. More generally, the concept is a ...
Human development theory is a theory which uses ideas from different origins, such as ecology, sustainable development, feminism and welfare economics. It wants to avoid normative politics and is focused on how social capital and instructional capital can be deployed to optimize the overall value of human capital in an economy.
Historical institutionalism (HI) is a new institutionalist social science approach [1] that emphasizes how timing, sequences and path dependence affect institutions, and shape social, political, economic behavior and change.