What does Dependency Theory suggest about the relationship between developed and developing countries in global trade?

Dependency Theory suggests that developed countries benefit from their relationships with developing countries in global trade, often at the expense of the latter. It argues that developing countries are dependent on wealthier nations for technology, investment, and markets, which can keep them in a cycle of poverty. For example, a developing country might export raw materials like coffee or minerals to a developed country, but when it tries to produce its own goods, it struggles due to a lack of resources and technology. This means that while developed countries grow richer, developing countries often remain stuck in a position where they cannot fully develop their own economies. Therefore, Dependency Theory highlights the unequal power dynamics in global trade and the need for change to create fairer relationships.