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Dependency Theory

Thank you!

Globalization and World-Systems Theory

  • These two developments have led to vast interdependency between core and periphery states
  • Immanuel Wallerstein introduced three concepts: Core, semi-periphery, and the periphery. World Systems Theory argues that even periphery states can achieve economic success.
  • Examples: Brazil, India, China, South Africa

Is Dependency theory a good theory? Today?

Major Authors

  • Paul Baran: Very Marxian in Nature. Baran analyzed economic backwardness and economic growth
  • Andre Gunder Frank: The Development of Underdevelopment
  • Hans Singer and Raul Prebisch: Unequal exchange

Bibliography

  • Dependency theory was considered satisfactory within it's historical context.
  • Dependency theory contributed great literature on the exploitative nature of the world's capitalist system
  • Globalization and increased economic intergration challenge the traditional propositions of dependency theory
  • World Systems theory seems like the next plausible phase in the evolution of dependency.

Baran, Paul A. The Political Economy of Growth. Westminister, London: Modern Reader Paperbacks, 1968.

Chilcote, Ronald H. "Issues of Theory in Dependency and Marxism." Latin American

"Dependency Theory." Master's thesis, University of Deleware.

Ferraro, Vincent. "Dependency Theory: An Introduction." The Development Economics Reader, July 1996, 58-64.

Ghosh, B. N. Dependency Theory Revisited. Hampshire, England: Ashgate Publishing, 2001.

Hall, Thomas, and Daniel Chirot. "World-System Theory." Annual Review of Sociology 8 (1982): 81-106.

Latham, Micheal E. "American Social Science, Modernization Theory, and the Cold War." In Modernization as Ideology, 21-68. N.p.: University of North Carolina Press, 2000.

Liss, Sheldon B. Marxist Thought in Latin America. Berkeley, CA: University of California Press, 1984.

Love, Joseph L. "The Origins of Dependency Analysis." Journal of Latin American Studies 22, no. 01 (February 1990): 143-68.

Morgan, Paul L. Prebisch-Singer "thesis" : a Theoretical and Empirical Evaluation. DeKalb, IL: Northern Illinois University, 1971.

PalmaD, Gabriel. "Dependency: A Formal Theory of Underdevelopment or a Methodology for the Analysis of Concrete Situations of Underdevelopment." World Development 6 (July/August 1978): 881-924.

Purpose

The unequal international relationship between two sets of countries (Dominant/dependent).

"Dependency theory attempts to explain the present underdeveloped state of many nations in the world by examining the patterns of interactions among nations and by arguing that inequality among nations is an intrinsic part of those interactions." (Ferraro;1996")

Main Concepts

  • Understanding the the concept of underdevelopment.
  • Developing states do not exist in isolation - The actions of developing nations affect developed nations.
  • Dependency analysis takes the relationship between politics and economics into account.
  • Underdevelopment is not a a natural state of the system.

These concepts have evolved as a result to contributions of many scholars

The origins of Dependency Analysis

  • A response to Modernization Theory (Early 1960's)

Modernization believed that all countries could achieve economic prosperity.

  • Marxism: Capitalism
  • Latin American Structuralism: The ECLA and Raul Prebisch (Late 1950's)

Prebisch noticed that economic growth in industralized states did not have the same economic growth in poorer countries.

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