UNIT 4 (1. dependency theory)

Question 1

What is the basic concept of the dependency theory of development?

Answer 1

The dependency theory of development refers to a situation where the economy of certain countries is conditioned by the development and expansion of another economy, resulting in underdevelopment of peripheral countries.

Question 2

Who were some important authors associated with the development of the dependency theory?

Answer 2

Some important authors associated with the development of the dependency theory include Raúl Prebisch, Hans Singer, Samir Amin, and Paul Baran.

Question 3

What are some obstacles to development according to the dependency theory?

Answer 3

According to the dependency theory, the true obstacle to development lies in how the world’s capitalist economy is structured. Development is hindered by the exploitation driven by the capitalist system, which prevents just development and perpetuates underdevelopment.