Theories

Question 1

Dependency theory

Answer 1

Argues that developing countries remain dependant on wealthier nations and because of this it causes a cycle of poverty

Traps in cycle of low cost exports so cannot develop

Question 2

Modernisation theory

Answer 2

Modernisation theorists believe capitalism is the solution to poverty

Without it it is argued that there’s a cycle of poverty and traditional values that discourage migration

Trend is seen in countries that didn’t follow communism e.g. India, Japan that are now prosperous countries, unlike many former USSR states that are struggling with poverty

Question 3

Wallenstein’s theory

Answer 3

Identified the core and periphery to explain how places maintain economic power

Core regions drive the world economy

The ‘core’ is the worlds first areas to industrialise e.g. UK, North America

Countries generally do follow this model as the ‘west’ currently owns and consumes around 70% global goods

However, the global shift has given the east e.g. China a chance to compete