CRI210H1 Lecture Notes - Lecture 5: Dependency Theory, Modernization Theory, Neocolonialism
5 Feb 2018
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Document Summary
Development of poor nations relying on developed nations. A counter modernization theory development in latin america by "dependentistas" Dependency takes into consideration the historical and global context - mostly colonialism development. Dependency theorists argued that the lack of economic development and widespread po exploitative influence of the western nations. They argued that the growth of the advanced countries was only possible because of the underdevelopment of the developing world. Claims that lack of development is due to neo-colonialism. Criticizes modernization theories assumptions and focuses on the capitalist world system. Rather than focusing on underdevelopment as an "original state", attention must be paid process which produced different outcomes for different parts of the world system. Frank argued that this theft is continuing through the policies of world bank and the imf multinational corporations. Trade process produced declining terms of trade for the peripheral countries. Imf and through the activities of ical progress. H1: national development is limited by satellite status.
