Explain the principles of dependency theory in detail.
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Dependency theory. Dependency theory became popular in the 1960's as a response to research by Raul Prebisch. ... The dominant view of dependency theorists is that there is a dominant world capitalist system that relies on a division of labour between the rich 'core' countries and poor 'peripheral' countries.
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Definition. Dependency theory is a sociological theory which holds that economic events in history have encouraged developing countries to depend upon the support of more advanced nations.
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