POLI 227 Lecture Notes - Dutch East India Company, South Asia, Comparative Politics
Document Summary
Underdevelopment of dependency approach : quite fundamentally different context for the economic and political development for the developing world than there was for the industrialized world. Independency relationship : dependent countries are disproportional , only dependent on raw material exports, economy has a presence of formal mnc"s, less access to changes in technology. Popular approach in 1970s, during debt crisis it seemed like many of the developing countries were not only falling behind in terms of development but also this approach has faded in influence since. 1990s due to nics (newly industrialized countries) . It highlights the way in which various sorts of economic linkages and social class may be important in understanding trajectories of development. These two chains of exploitation : populations in the global south are subject to exploitation by powerful domestic economic elites. These elites have particular relationships with multinational northern economies and so the north too is reaping a disproportionate share of the economic advantage.