Development theories and their critics - Theories of development - Dependency and world-systems theories

3 important questions on Development theories and their critics - Theories of development - Dependency and world-systems theories

What is the view of the dependency theorists on global inequality?

They believe that global capitalism locked low-income countries into a downward spiral of exploitation and poverty.

Dependency theorists see low-income countries not as underdeveloped, but as misdeveloped. Can you explain what they mean by that?

They're misdeveloped because exploitation of wealthy countries and multinational corporations has prevented economic growth.

Market-oriented theorists usually ignore political and military power, contrary to dependency theorists.
What do dependency theorists say about this topic?

Economic elites in poor countries, backed by their counterparts in wealthy ones, use political and military power to suppress the local.

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