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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".
Raúl Prebisch (April 17, 1901 – April 29, 1986) was an Argentine economist known for his contributions to structuralist economics such as the Prebisch–Singer hypothesis, which formed the basis of economic dependency theory. He became the executive director of the Economic Commission for Latin America (ECLA or CEPAL) in 1950. [1]
Ruy Mauro de Araújo Marini (May 2, 1932 – July, 5, 1997) was a Brazilian economist and sociologist.Marini is internationally known as one of the creators of dependency theory, [1] [2] [3] Super-exploitation, and Unequal Exchange.
Wallerstein's definition follows dependency theory, which intended to combine the developments of the different societies since the 16th century in different regions into one collective development. The main characteristic of his definition is the development of a global division of labour, including the existence of independent political units ...
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 ...
The North–South model, developed largely by Columbia University economics professor Ronald Findlay, is a model in developmental economics that explains the growth of a less developed "South" or "periphery" economy that interacts through trade with a more developed "North" or "core" economy.
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 ...
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.