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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 ".
In economics, the Prebisch–Singer hypothesis (also called the Prebisch–Singer thesis) argues that the price of primary commodities declines relative to the price of manufactured goods over the long term, which causes the terms of trade of primary-product-based economies to deteriorate. As of 2013, recent statistical studies have given ...
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 ...
Andre Gunder Frank (February 24, 1929 – April 25, 2005) was a German-American sociologist and economic historian who promoted dependency theory after 1970 and world-systems theory after 1984. He employed some Marxian concepts on political economy, but rejected Marx's stages of history, and economic history generally. [citation needed]
His theories are similar to Dependency theory, although he placed more emphasis on the system as system, and focused on the developments of the core rather than periphery. Wallerstein also provided an historical account of the development of capitalism which had been missing from Dependency theory.
This book, along with Frantz Fanon's The Wretched of the Earth, is a popular example of 20th century books concerning African development and post-colonial theory. Background [ edit ] First published in London by Bogle-L'Ouverture Publications in 1972 (in partnership with Tanzanian Publishing House ), the book shaped the study of Africa in many ...
Samir Amin ( Arabic: سمير أمين) (3 September 1931 – 12 August 2018) was an Egyptian-French Marxian economist, [1] political scientist and world-systems analyst. He is noted for his introduction of the term Eurocentrism in 1988 [2] and considered a pioneer of Dependency Theory.
Structuralism is a development theory which focuses on structural aspects which impede the economic growth of developing countries. The unit of analysis is the transformation of a country's economy from, mainly, a subsistence agriculture to a modern, urbanized manufacturing and service economy. Policy prescriptions resulting from structuralist ...