POLSCI 1AB3 Lecture Notes - Lecture 2: Andre Gunder Frank, Import Substitution Industrialization, Dependency Theory
11 Apr 2018
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Dependency theory: underdeveloped states are underdeveloped because of the structure of the world economy. Underdeveloped states suggests that there is a process at work which continuously causes states to be in poverty. According to dependency theory: the products being traded may change, but the north still extracts wealth from the south. The cause of underdevelopment is the international system, not internal domestic factors. Global capitalism creates the conditions for development and underdevelopment simultaneously. In fact, the economic development of european states only occurred because of the economic underdevelopment of non-european states. Historical example of the atlantic triangle in the 16th-19th century. Wealth and prosperity is not the same a development. The question is, just how pervasive is the underdevelopment mechanism in history. According to dependency theorists like andre gunder frank, exploitation continues, even while the items being traded may change. Underdeveloped states must break the connection to the world capitalist system if they want to develop.
