Understanding Dependency Theory: A Critical Approach to Development

How does dependency theory differ from modernization theory?

Dependency theory challenges the belief of modernization theory that less developed countries can become developed through industrialization and economic growth. It emphasizes the negative impact of historical colonialism and ongoing exploitation by developed countries on the development of underdeveloped nations.

What is the main argument of dependency theory?

Dependency theory argues that former colonial nations created during decolonization were underdeveloped and continue to be exploited by developed countries for their resources and labor.

How do developed countries exploit less developed countries?

Developed countries exploit less developed countries by purposely exploiting their resources and people, providing goods that only they can supply, and maintaining an upper hand in trade relations.

What is the role of the periphery in dependency theory?

The periphery provides cheap labor and raw materials to the core, perpetuating the cycle of exploitation and inequality in the global economy.

Why does Immanuel Wallerstein argue against helping the periphery?

Immanuel Wallerstein argues that helping the periphery would result in competition and loss of cheap labor and raw materials for the core, disrupting the existing power dynamics.