Dependency Theory Flashcards
(7 cards)
1
Q
Role of colonialism
A
- the global north created economies in the global south, in which colonies would export raw materials and goods to colonisers into a domestic market
2
Q
how did colonialism impact development
A
- north developed quickly
- colonies didn’t experience economic development as they were given little to no wages
3
Q
what happened when colonisers left
A
- global south was left dependent on former oppressors
4
Q
how is it similar to the world systems theory
A
- the world was left divided into core, semi periphery and periphery
5
Q
how does money move
A
- north economically drains the south as there is little the south can do to make better arrangements
6
Q
role of SAPs
A
SAPs from the IMF and WB provide interest to the north, meaning the south will always depend on the north
7
Q
how can the south break free of dependency on the north
A
- break ties with the north and trade with each other
- South East Asia has done this through ASEAN
