Which of the three ipe approaches best accounts fot he relationship of the northern industrualized nations to the southern developing nations when it comes to trade?

Answer 1

The dependency theory within the international political economy (IPE) framework best accounts for the relationship between northern industrialized nations and southern developing nations regarding trade. This approach emphasizes how the economic structures of developing nations are often shaped by and reliant on the industrialized nations, leading to unequal trade relationships. It argues that the wealth of northern countries is built on the exploitation of resources and labor in the south, perpetuating a cycle of dependency and underdevelopment. This perspective highlights the systemic inequalities in global trade dynamics.