Describe dependency theory and delineate its salient features.

Dependency Theory:

Dependency theory is a socio-economic and political theory that emerged in the mid-20th century as a response to the challenges faced by developing countries in their efforts to achieve economic growth, industrialization, and overall development. The theory suggests that the global economic system is characterized by unequal relationships between developed and developing countries, with the latter being dependent on the former for resources, markets, technology, and capital. Dependency theory critiques the notion that development can be achieved through free-market capitalism and instead highlights the structural factors that perpetuate underdevelopment and poverty in certain regions.

Salient Features of Dependency Theory:

1. Historical Context: Dependency theory emerged in the 1950s and 1960s as a reaction to the dominant development theories of the time, which often advocated for modernization, industrialization, and Western-style economic models. Dependency theorists argued that these approaches failed to address the systemic inequalities that hindered development in _____ _____ ________ __________ _______ ________ _______ __________.
   ______ ___ ___ _________ ___ _____.
   __________ ______ ________ __________ ______.
   _____ ________ ___ ___ ________ _______ ______.
   ____ _______ ____ _________ ________ _________ _____ ______ __________ ____ ____ ________.
   _______ ____ _____ ___ _________ __________ _______.
   _________ _________ ____ ________ ___ ______ ______ ____ __________ _________ ________ ________.
   ___ ______ _________ ___ ____ ___ _________ ____ _____ ___ _____ _________.
   ________ _____ ___ __________ ________.
   ________ _________ ______ ___ ____ ___ __________ ________ _______ ________ ________ _________.
   _____ _________ __________ ____ ________ _______ ________ _______ __________ _________ ________ ______.
   ___ __________ ____ __________ _______ __________ _______ ______ ___ ____ ______.
   __________ ___ _______ _________ ________ ____ _________ _________.
   ___ ______ ______ __________ _______.
   ____ _________ ____ _________ ___ _________.
   ______ ___ _______ _____ ______ _____ _________.
   ________ _______ ____ ________ ___ _______ ______.
   ___ _____ ___ __________ ______ _________ ________ ___ ______ _____ ___ __________.
   ____ ___ _________ __________ _____ ___ _______ _________.
   _______ ____ _______ ________ ____ __________ __________ _____ ________.
   ________ __________ _______ ___ __________.
   _______ _____ _________ _____ ___ __________ ________ _________ ________ _______ _____.
   __________ _______ _____ ___ _________ _____ ________ ______ ________ ______ _____.
   ________ ____ ___ ________ ___ ______ ______ _________ __________ _____.
   ________ ___ ____ ______ _________ _____.
   _________ _____ ___ _____ ______ _________.
   ___ _________ _________ _______ _______ ________ __________.
   ____ _______ _______ _____ ____ ___ ______ ________ __________.
   _______ _________ ____ ________ ____ ___ _____ ______ ________ ________ ____ ___.
   ________ __________ ___ _____ ________ __________ ______.
   ___ _____ ______ _____ _________ _________ ___.
   __________ ________ ____ _____ ______.
   ______ _____ _______ ____ ________ __________ __________ _______ ________ _________.
   _______ _____ ____ _________ ________ _____ ________.
   ____ _______ ______ ______ ____ _________ ____ __________ ___.
   __________ ___ __________ _______ _____ _________ ______ __________ _____ _______.
   ___ _________ ________ __________ ______ ____ _______ __________ ________ _____.
   _____ _____ ____ ___ _______ _____ _____ ______.
   ___ ______ ________ _________ _______ ___.
   ____ ___ __________ ________ ___ ______.
   _________ ____ ___ ________ _________ __________ ________ _______ ____ _________ ___ ___.
   __________ ____ ________ _______ ____ _______ ______ _________ _____ _________ _________.
   ____ ________ ______ _________ ____ ________ ________ ____ ___.
   __________ _______ ___ ____ _______ ________.
   __________ ___ _____ _______ _______ __________ ________.
   ________ ___ ____ _________ ___.
   ___ _______ _______ _______ ____ _____.
   _____ _________ ______ _____ ________ __________ ________ ___ _______ ______.
   _______ ___ ___ _____ _________ ____ __________ _____ _________ __________ _________ ______.
   ___ ______ ____ ________ _______ _______ ________ ____ _______ ______ ________ ________.
   ____ ____ ____ ________ _________ __________ _________ _____ _________ __________ _______.
   _______ _______ ____ ________ ___ _________ ________ _________ _________ _____ ____ __________.
   __________ ___ __________ ___ ______ ______.
   Get Full Answer on WhatsApp