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Dependency theory, an approach to understanding economic underdevelopment that emphasizes the putative constraints imposed by the global political and economic order. First proposed in the late 1950s by Raul Prebisch, dependency theory gained prominence in the 1960s and ’70s.
Dependency theory is a school of thought in modern social science that aims to comprehend underdevelopment, analyse its origins, and to some extent, provide ways to overcome it. It first appeared in Latin America in the 1960s, quickly moved to North America, Europe, and Africa, and is still relevant in today’s debates.
Dependency theory is an explanation of the continued lack of development throughout the third world compared with the developed capitalist societies of the West. Andre Gunder Frank posited that the underdeveloped state of the third world was a consequence of first-world policy.
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".
Dependency theory has seen a revival in recent decades, indicating its continued relevance in understanding uneven (Kvangraven, 2023). It allows for the evaluation of potentialities, tensions,...
Learn about the characteristics and proponents of dependency theory of development, which challenges the idea of universal progress and argues for unique features of underdeveloped countries. Understand the Marxian and Structuralist approaches to dependency theory.
Dependency theory is a popular theory within the social sciences to explain economic development of states. The theory developed during the late 1950s and over the following two