Question

SALIENT FEATURES OF DEPENDENCY THEORY OF DEVELPOMENT

Answer 1

The Dependency Theory presents a macros historical and structural perspective. It involves a rejection of the Continuum and Marxist explanations of development and underdevelopment. ... It is a situation which conditions the ability of the underdeveloped to develop. It is limited by the expansion of capitalism.

Answer 2

The salient features of Dependency Theory are:

* Became popular after the research of Raul Pebrisch.

* The research of Raul Pebrisch implied that the development in the rich countries is on the expense of poor countries.

* This theory is based on the Marxist view of the world which explains globalisation in the terms of expansion of market capitalism and exploiting the cheap labours.

* The theorists believe on the dominant view of dependency theory.