Dependency theory suggests that global inequality is primarily caused by core nations (or advanced economies) exploiting peripheral nations for their resources, which keeps them poor and dependent.
Imagine a big brother (core nation) who always takes the biggest slice of pizza (resources), leaving his little brother (periphery country) with the smaller slices. The little brother remains hungry and dependent on the big brother for food.
Neocolonialism: The practice of using capitalism, globalization, and cultural imperialism to influence a developing country instead of direct military control or indirect political control.
World Systems Theory: A theory that suggests there is a world economic system in which some countries benefit while others are exploited.
Globalization: The process by which businesses or other organizations develop international influence or start operating on an international scale.
Developed countries in Western Europe, Canada, the U.S., Australia are in what stage of the Dependency Theory?
The dependency theory stated
Which aspect of Dependency Theory has been called into question when applied to global agricultural systems?
What is a major criticism of the Dependency Theory within contemporary agriculture?
How do followers of Dependency Theory view the relationship between urbanization in developed countries and less developed countries?
What is the focus area under Dependency theory regarding developing nations?
Which theorist proposed the dependency theory as a critique to modernization theories?
Which historical event lends strongest support to Dependency Theory?
What common characteristic defined South Korea's 'Miracle on the Han River' and China's 'Four Modernizations' under Deng Xiaoping, according to Dependency Theory?
According to the Dependency Theory, how can a developing country break free from economic reliance on developed nations?
Why might Dependency Theory be considered limited in explaining current global economic relations?
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