Searched over 200M research papers for "dependency theory"
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These studies suggest that dependency theory offers valuable insights into the underdevelopment of Third World countries and challenges traditional economic theories, but its validity, consistency, and practical application remain debated.
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Dependency theory is a framework used to understand the economic underdevelopment of countries, particularly in Latin America and Africa. It posits that the economic conditions of these countries are shaped by their relationships with more developed nations, leading to a state of dependency that hinders their growth and development.
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Dependency theory has played a crucial role in shaping the discourse on development and underdevelopment, particularly in Latin America and Africa. While it has influenced policy and provided valuable insights into the global economic system, it has also faced significant criticism for its methodological weaknesses and internal contradictions. Despite these issues, the theory remains a vital part of the discussion on international political economy, offering a unique perspective on the persistent challenges of uneven development.
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