Dependency Theory of Development

Question

04 Aug 2023

Answer :

Word Count : 377

The Dependency Theory of Development is a critical economic and social theory that seeks to explain the underdevelopment of certain nations in relation to more economically advanced countries. Developed in the 1950s and 1960s as a response to the limitations of traditional development theories, the Dependency Theory highlights the exploitative relationships between developed and underdeveloped nations.

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