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Dependency theory is the idea that resources flow from a "periphery" of poor and exploited states to a "core" of wealthy states, enriching the latter at the expense of the former. A central contention of dependency theory is that poor states are impoverished and rich ones enriched by the way poor states are integrated into the "world system".
Technology has become a defining factor in the placement of states into core or semi-periphery versus periphery. [37] Wallerstein's theory leaves room for poor countries to move into better economic development, but he also admits that there will always be a need for periphery countries as long as there are core states who derive resources from ...
The world-systems theory divides the world into core and peripheral countries on the basis of labour division, in which the core countries focus on high-skill, capital-intensive industries, while the peripheral states focused on lower-skill, labour-intensive production, as well as raw material extraction. Due to this system, the core countries ...
Although periphery nations are exploited by core countries, there is a purpose to the unequal exchanges of goods. For instance, the core countries have an incentive to gain a profit and this enables the world market to further grow. At times, there is a change in the balance of trade between the periphery and core countries.
This provides an interesting twist on Wallerstein's neo-Marxist interpretation of the international order which faults differences in power relations between 'core' and 'periphery' states as the chief cause for economic and political inequality (However, the Prebisch-Singer thesis also works with different bargaining positions of labour in ...
The North–South model, developed largely by Columbia University economics professor Ronald Findlay, is a model in developmental economics that explains the growth of a less developed "South" or "periphery" economy that interacts through trade with a more developed "North" or "core" economy.
The theory of the interstate system holds that all states are defined through their relationship to other states or through participation in the world economy, and that divisions between states help to divide the world into a core, periphery and semi-periphery. [1] [2]
Neocolonial dependence, also known as the Neocolonial Dependance Model or Dependency Theory is an indirect outgrowth of Marxist thinking which is a subgroup of development economics. According to this doctrine, third world underdevelopment is viewed as the result of highly unequal international capitalist system or rich country-poor country ...