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4 November, 15:42

Which explanation or prediction about dependency best fits world economic trends today?

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  1. 4 November, 17:25
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    Economic dependency prevented the poorer countries to modernize themselves.

    Explanation:

    According to the dependency theory, Richer countries tend to exploit the poorer country by dominating their job listing and trade network.

    This will lead to a situation where the people in poorer countries become extremely dependent to the decisions and opportunities provided by the richer countries.

    Since the poorer country only received small cuts of the profit, they wouldn't have enough money to be invested in research and development. In the end, the poorer countries will became economically dependent toward the richer countries and they are no able to modernize their own infrastructure to improve their own economy.
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