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What are the predictions of dependency theory?
The predictions of dependency theory:
• DCs exploit LDCs (Less Developed Countries) by extracting their surplus value. Surplus value turns into the difference among the values of what an LDC produces and what that is paid to produce which by a DC.
• To prevent exploitation, underdeveloped countries should gain political, social and economic independence through the developed countries through cutting of economic ties in between trade and investment along with the developed world and becoming self sufficient as like adopt an import-substitution strategy (ISS)
• Dominant Developed Countries are so powerful which they can make sure the rules of the game - when set out by WTO, World Bank and IMF which work into their own self-interest.
What is the capital-output ratio? Capital-output ratio: This ratio (k) is the amount of capital required to produce £1 of Gross Domestic Product generated, every year.
use of linear programming in decision making
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You should use a variety of other methods of capital cost estimation to check and refine your estimate to give a definitive capital cost for the plant. You will need to compare the
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(a) Suppose that the British Pound is quoted at $1.4419-36 and the Swiss Franc is quoted at $0.6250-67. What is the direct quote for the British Pound in Zurich? Note that a direct
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