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Pros And Cons Of Dependency Theory

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A safe haven from the exploitative metropolis was being isolated from the world economy. As satellites, the weak connection that certain countries were fortunate enough to have, saved them for a time from their eventual underdevelopment. Gunder Frank mentions cities likes Tucuman, Asuncion, Mendoza, and Rosario as places that fit this description . Unfortunately, once the crisis that the core undergoes becomes settled, or if metropolis find ways to penetrate the markets of the isolated regions, the relationships that were previously in effect, become reinstated. Any hope for “self-generation or perpetuation” is choked off and signs of growth begin to reverse . Criticisms of Dependency and the Revolutionary Cause Where there is theory, there will always be criticisms …show more content…

Historical shifts and trends in culture, politics, and the world economy affect nations’ relationships to one another. No matter what turns international affairs may take, however, we still face some of the same issues of inequality and socioeconomic disparity. These problems are, in fact, becoming ever more prevalent in the globalized economy. Understanding Dependency Theory is important for this sole reason. It stands to reason, that in order to address the situation in a country and move towards positive change in that country, one needs to thoroughly know the key issues. It should be noted, that the theory itself is not outdated, but the ways in which we assess the application of the theory are in dire need of revision. Dependency is the issue, not only in Latin America, but in other satellites around the world that have economies linked to core countries and are not themselves self-perpetuating or self-generating. China and Indian economies have developed because of their weak to non-existent identities as satellite states. As a result, their economies flourished once they developed products that were profitable on the global

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