Economic Dependency
Definition
Economic dependency refers to a situation where one country relies heavily on another country for economic resources, trade, investment, or aid.
Related terms
Neocolonialism: Neocolonialism refers to the indirect control exerted by developed countries over developing countries through economic dominance and exploitation.
Import Substitution Industrialization (ISI): ISI is an economic policy aimed at reducing economic dependency by promoting domestic industries and reducing reliance on imported goods.
Foreign Direct Investment (FDI): FDI occurs when a company from one country invests directly in businesses located in another country. It can contribute to both economic development and increased economic dependency.
"Economic Dependency" appears in:
Subjects (1)
AP Human Geography
Study guides (1)
AP Comparative Government - 3.2 Political Culture
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About Us
About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
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Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.