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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".
Marini is internationally known as one of the creators of dependency theory, [1] [2] [3] Super-exploitation, and Unequal Exchange. He is the author of the work "Dialéctica de la Dependencia" (Dialectic of Dependency), [ 4 ] in which, using elements of the theory of economic development of Karl Marx adapted to the study of Latin American ...
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 ...
The theory reached its peak in the early 1970s when it propagated throughout Latin America, the United States, Europe, Africa and Asia. However, after the fall of the Chilean Allende Government in 1973, which was heavily based on the dependency theory, critics of this theory increased in number. The theory does not have many proponents today ...
This is best described by dependency theory, [2] which is one theory on how globalization can affect the world and the countries in it. It is, however, possible for periphery countries to rise out of their status and move into semi-periphery or core status.
Amin identified himself as part of the school of global historical materialism, in contrast to the two other strands of dependency theory, the so-called dependencia and the World Systems Theory. The dependencia school was a Latin American school associated with e. g. Ruy Mauro Marini, Theotônio dos Santos, and Raúl Prebisch.
Raúl Prebisch (April 17, 1901 – April 29, 1986) was an Argentine economist known for his contributions to structuralist economics such as the Prebisch–Singer hypothesis, which formed the basis of economic dependency theory. He became the executive director of the Economic Commission for Latin America (ECLA or CEPAL) in 1950. [1]
Semi-peripheral countries are tied into dynamic world systems that focus on the reliance of poor nations upon the wealthy, a concept known as the dependency theory. [6] The term semi-periphery has been applied to countries that existed as early as in the thirteenth century. [ 7 ]