Question 1(a) · 10 marks · 159 words written
Opening · a definition
Dependency theory highlights the role of developed world in continued exploitation of the underdeveloped nations in the world for the sake of their own profit.
Role of dependency theory in explaining persistent under development
Body · points and prose
Raul Prebisch explains that the nations who are at centre exploits the satellite countries → Thus, the more the developed countries grow, the poorer the Satellite nations become.
Andre Gunder Frank in his seminal work "Development of underdevelopment" explains that underdevelopment is purposely done so that the resources are not properly utilised → It is different from undevelopment.
Wallerstein gave a 'World system' view where he gives 3 fold classification.
limitation of dependency theory
- With rise of neo liberal economies, globalisation took place.
- Rise of 3rd world countries like China as manufacturing hub.
- Limited understanding based on Marxist idea of exploitation by Capitalist class.
Close · a summary
Dependency theory has, however, been useful in explaining persistent poverty in Latin America and Africa.