POLSCI 1AB3 Lecture Notes - Lecture 3: Dependency Theory, Andre Gunder Frank, Comparative Advantage
17 Apr 2021
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Document Summary
According to dependency theory, underdeveloped states are underdeveloped because of the structure of the world economy. 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. Historic example of the atlantic triangle in the 16th-19th century. 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. Internal development policy in an era of independence. A variety of approaches were used by newly independent states as they emerged from colonial rule: import substitution industrialization successful long-term strategy for development, export-oriented industrialization.
