Dependency Theory

  • Created by: mckenj99
  • Created on: 04-01-18 20:33
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  • Dependency Theory
    • Andre Gunder Frank
      • Thought that poverty should be seen as the end point, not the starting point.
    • Core developed countries take raw materials, brain power, political support and debt repayments from peripheral developing countries.
      • In return peripheral developing countries get manufactured goods, aid, pollution and political and economic ideas.
    • Three stages to dependency theory
      • 1. Mercantile Capitalism
      • 2. Colonialism
      • Neo-colonialism
    • Problems with dependency theory
      • Very difficult to 'break away' from the economies of the world.
      • Not a practical way forward to attain economic development
    • A country can break away from dependency by becoming isolated.

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