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Discuss the main tenets of the dependency theory and anlyse its analytical relevancy to developing countries QUESTION

Discuss the main tenets of the dependency theory and anlyse its analytical relevancy to developing countries

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14y ago
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1w ago

Dependency theory asserts that developing countries are exploited and kept in a state of underdevelopment by the dominant developed economies through unequal trade relationships and economic dependence. It highlights the role of historical colonialism and neo-colonial practices in perpetuating this dependence. Dependency theory remains relevant in analyzing the challenges faced by developing countries in achieving economic independence and sustainable development in the globalized world economy.

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Q: Discuss the main tenets of the dependency theory and analyze its analytical relevancy to developing countries?
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