Overview
Dependency Theory provides a framework for understanding the economic relationships between developed and developing countries. It highlights how resources flow from periphery to core countries, creating a cycle of dependence that can hinder development in poorer nations. By analyzing these dynamics...
Key Terms
Example: The United States and Germany are considered core countries.
Example: Many African nations are classified as periphery countries.
Example: A periphery country relying on exports of raw materials to a core country.
Example: Global trade includes imports and exports between nations.
Example: Some argue that multinational corporations practice neocolonialism.
Example: Tariffs and quotas are examples of trade policies.
Related Topics
World Systems Theory
A theory that expands on Dependency Theory by categorizing countries into core, semi-periphery, and periphery.
intermediateGlobalization and Development
Explores the relationship between globalization and economic development in various countries.
intermediateNeocolonialism
Examines modern forms of colonialism through economic and cultural dominance.
advancedKey Concepts
Core countriesPeriphery countriesEconomic dependenceGlobal trade