Describe Paul Baran’s dependency theory of development?

Paul Baran's dependency theory of development is a theoretical framework that attempts to explain the persistent poverty and underdevelopment of countries in the global south. Baran argues that these countries are dependent on the developed countries of the global north for economic growth and development. He posits that the economic relationship between the developed and developing countries is exploitative, with the developed countries extracting resources and wealth from the developing countries, thereby preventing them from achieving economic self-sufficiency and development. The theory also states that the developed countries use their economic and political power to maintain this exploitative relationship, which traps developing countries in a state of underdevelopment.

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