Dependency Theory
Dependency Theory is a concept in social sciences that explains how poorer countries often rely on richer countries for resources, technology, and trade. This relationship creates an imbalance where the wealthier nations benefit more, leading to the sustained underdevelopment of the poorer nations. Essentially, it suggests that economic progress in developing countries is hindered by their reliance on and exploitation by developed countries. This theory emphasizes the need for structural changes to promote self-sufficiency and equitable relationships to foster genuine development.
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Dependency theory is an economic and social concept that suggests that the wealth of developed countries comes at the expense of developing nations. It argues that poorer countries are often trapped in a cycle of dependency, relying on wealthier nations for resources, technology, and investment. This relationship hinders their economic growth, as profits are often repatriated to the developed countries rather than reinvested locally. Consequently, dependency theory highlights the structural inequalities in global trade and development, advocating for a more equitable system that enables developing nations to become self-sufficient and economically independent.
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Dependency theory is a social and economic concept that suggests that resources flow from poorer, less developed countries to richer, more developed countries, creating a dependent relationship. This means that the wealth and power of richer nations often come at the expense of poorer nations, hindering their growth and development. The theory argues that this inequality persists because poorer countries rely on exporting raw materials while importing manufactured goods, trapping them in a cycle of dependency. It highlights the need for changes in global economic structures to promote equitable growth and development for all nations.