What are the predictions of dependency theory, Business Economics

Assignment Help:

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.


Related Discussions:- What are the predictions of dependency theory

Production function, Suppose a firm’s budget were large enough to employ 10...

Suppose a firm’s budget were large enough to employ 100 units of either labor or capital, the cost of a unit of labor being the same as a unit of capital. The production function i

Managerial economics, how does economic theory contribute to managerial dec...

how does economic theory contribute to managerial decisions?

Analyze the characteristics of a monopoly market, QUESTION (a) Analyze ...

QUESTION (a) Analyze the characteristics of a monopoly market. (b) Distinguish between the short and long run equilibrium of a monopoly. (c) Compare and contrast between

Research Methods, A .Develop a researchable topic and prepare a research pr...

A .Develop a researchable topic and prepare a research proposal using the layout outlined below. CAVENDISH UNIVERSITY DISSERTATION PROPOSAL LAYOUT TITLE PAGE CHAPTER ONE: INTRODU

What are the formal and informal sectors, What are the formal and informal ...

What are the formal and informal sectors? Formal and informal sectors: Economic activities considered as to the government make up the formal sector of the economy. That

ASSIGNMENT, What is a bowed out shape? Why does a production possibilities...

What is a bowed out shape? Why does a production possibilities frontier with increasing opportunity costa have a bowed-out shape?

Calculate the weights for the long-term financing sources, Calculate the "w...

Calculate the "weights" for the long-term financing sources: Total Stockholder Equity, Long Term Debt, and Preferred Stock (if there is any of this).  Do this in two ways: (a

.EXTERNAL ENVIRONMENTAL analysis, Explain for each of the sub-variables the...

Explain for each of the sub-variables the positive or negative implications the environmental factor could have on the cereal category in economis aspects

Explain the assumptions of a perfectly competitive market, QUESTION a) ...

QUESTION a) State and explain the assumptions of a perfectly competitive market. b) Analyse the effects on the firm's profit and output of an increase in demand in the short

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd