James, a student of economics, argues that high-income countries benefit because the poor countries provide cheap labor and are subjected to exploitation by the rich nations as they are not powerful enough to protest. Which of the following theories supports James's opinion?

A) Symbolic interaction theory

B) Feminist theory

C) Modernization theory

D) Dependency theory

E) Queer theory

Question

Business

Kassandra Long

14 November, 12:54

James, a student of economics, argues that high-income countries benefit because the poor countries provide cheap labor and are subjected to exploitation by the rich nations as they are not powerful enough to protest. Which of the following theories supports James's opinion?

A) Symbolic interaction theory

B) Feminist theory

C) Modernization theory

D) Dependency theory

E) Queer theory

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Answers (1)

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Rylan Ballard · Answer 1

D) Dependency theory

Dependency theory states that rich countries exploit the people of poor countries, by using them as cheap labor, and thus are extracting a resource from the poor country and benefiting from the cheap labor by selling the goods they make at a very high profit. So in essence they are using resources of the poor country to make profit and get even more richer.