1. Critically examine "Dependency Theory" as an approach to the study of International
Relations.
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Dependency theory in Internation relations describes how states are dependent of each other as the world is becoming a global village.
Explanation:
- It describes how developing countries are dependent on capitalist countries for aid, economic benefits, and other things.
- Capitalist countries provide them aid, loans which keep on increasing with the time due to interest rate.
- This way, developing countries never become independent economies and always rely on capitalist countries.
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Theory of dependency is the belief that resources come from a "periphery" of poor & underdeveloped states into a "core" of rich states which benefit the latter at the detriment of the former. It is the core statement of the theory of dependency that poor nations are weaker and wealthier, strengthened by the integration of developed nations into the 'economic economy.'
Explanation:
- Dependency theory, in its radical nature, is based on a Marxism view of the world, that views globalisation with respect to the expansion of capitalist capitalism and the "exploitation" of cheap "labour & resources" in exchange for outdated advanced-world technology.
- The prevalent opinion of theories of dependence is that there is a prevailing global capitalist structure based on a division of labour between the wealthy "core" nations & middle and poor peripherals. Over time , the central countries would take advantage of their superiority over a more marginalised periphery.
- In short, dependence theory tries by examining the patterns of interactions between nations, and arguing that inequality is an intrinsic component of such interactions, to explain the current sub-developed state of several nations in the world. It The theory of dependency promoted an internal development approach and an enhanced state's role in placing trade barriers, making inward investment difficult & promoting nationalisation of key sectors.
- The meanings that most dependence theorists hold have three similar features. First, the dependency of two classes of states that are defined as dominant / dependent, centre / periphery or metropolitan / satellite characterises the International Structure. The dominant countries are the more advanced and reliant countries, Latin American , Asian and African countries, which have low per capita GNPs and highly rely on foreign exchange exports of a single product. Secondly, all concepts hold the belief that the economic operations in the dependent States are of special interest to the external powers.
- These foreign powers include global firms, export trade, global aid, connectivity and all other ways of serving the economic interests of the advanced developed countries abroad. Third, dependence concepts are a system of relations between dominant and dependent states, since the relationships between the two states not only improve but also exacerbate their structure. The relationship between the two sets of states is complex. In comparison, dependence is a historic phenomenon that is very deeply rooted in capitalism's internationalisation. Dependency is a continuous phase
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