Dependency School

Dependency School is a branch of economic thought that emphasizes how global inequalities and historical relationships influence a country's development. It suggests that developing nations often depend on developed countries for resources, technology, and markets, which can limit their growth and perpetuate economic disparities. Instead of viewing development as a matter of internal factors alone, it highlights the importance of international power dynamics and historical contexts. Dependency theorists advocate for restructuring those relationships to promote fairer economic opportunities and reduce inequality between nations.