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

What is the capital-output ratio, What is the capital-output ratio? ...

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.

Linea programming, use of linear programming in decision making

use of linear programming in decision making

What are the functions of the central bank, QUESTION (a) Explain what f...

QUESTION (a) Explain what factors might determine the level of investment in an economy. (b) ‘If investment increases it will cause an increase in income. If income increase

What is economic partnership agreement, Problem 1: "African Caribbean a...

Problem 1: "African Caribbean and Pacific (ACP) countries no longer have preferential access to the European market for their exports, except under provisions of „Special and D

Engineering economics, 2. You recommend spending $10,000 on equipment that ...

2. You recommend spending $10,000 on equipment that will increase sales of your product by $1000 a year and reduce annual operating costs by $800. The equipment has 10-year lifetim

Monopolly, explain how a price disciminating monopoly increases profits

explain how a price disciminating monopoly increases profits

Capital cost estimation, You should use a variety of other methods of capit...

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

Quantitative methods, What is matrix algebra, give some examples and its ty...

What is matrix algebra, give some examples and its types

Condition of covered interest parity, (a) Suppose that the British Pound is...

(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

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