DEPENDENCY THEORY
Dependency theory is the body of social science theories which suggests that the wealthy nations of the world need a peripheral group of poorer states in order to remain wealthy.
Dependency theory states that the poverty of the countries in the periphery is not because they are not integrated into the world system, but because of how they are integrated into the world system.
THE PREMISES OF DEPENDENCY THEORY ARE:
1) Poor nations provide natural resources, cheap labor, a destination for obsolete technology, and markets to the wealthy nations, without which the latter could not have the standard of living they enjoy.
2) First World nations actively, but not necessarily consciously, perpetuate a state of dependency through various policies and initiatives. This state of dependency is multifaceted, involving economics, media control, politics, banking and finance, education, sport and all aspects of human resource development.
3) Any attempt by the......
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