What are the criticisms of dependency theory?
A large argument opposing the Dependency Theory is the subjectivity in the theory and the terms that are often used. Words such as developed and underdeveloped that construct the argument of dependency theory are subjective and different people will view these different terms in different lights.
What is the difference between dependency theory and modernization theory?
The main difference between dependency theory and modernization theory is that dependency theory mainly focuses on poor and underdeveloped countries, while modernization theory mainly focuses on rich and developed countries.
What are the major concepts in dependency theory?
Dependency theory focused on individual nations, their role as suppliers of raw materials, cheap labor, and markets for expensive manufactured goods from industrialized countries. The unequal exchange relationship between developed and developing countries was viewed as contributing to poor economic growth.
How does dependency theory explain underdevelopment?
According to dependency theory, underdevelopment is mainly caused by the peripheral position of affected countries in the world economy. Underdeveloped countries end up purchasing the finished products at high prices, depleting the capital they might otherwise devote to upgrading their own productive capacity.
What is the main argument of dependency theory?
Dependency theorists argue that existing national and international economic and political systems are the cause of their unjust situations. They call for systemic change to solve the problems.
How do modernization and dependency theories differ on the main causes of global inequality?
Whereas modernization theory attributes global stratification to the “wrong” cultural values and practices in poor nations, dependency theory blames global stratification on the exploitation of these nations by wealthy nations.
What is the difference between modernization and development?
Modernisation theory underpinned the idea of development as growth, with modernisation defined as a linear path towards a developed industrial society. Economic development through industrial transformation would lead to economic growth, allowing poorer countries to catch up with industrial countries.
What are the advantages of dependency theory?
To start with, dependency theory has the following strengths. Firstly, the theory analyses the inequality existing between the poor and the rich countries. Moreover, the theory breaks some political bonds and explains reasons why the wealthy nations are taking advantage of the poor countries (Doukhan, 2003).
What does the dependency theory explain?
dependency theory, an approach to understanding economic underdevelopment that emphasizes the putative constraints imposed by the global political and economic order. According to dependency theory, underdevelopment is mainly caused by the peripheral position of affected countries in the world economy.
How does dependency theory explain global inequality?
dependency theory a theory which states that global inequity is due to the exploitation of peripheral and semi-peripheral nations by core nations modernization theory a theory that low-income countries can improve their global economic standing by industrialization of infrastructure and a shift in cultural attitudes …
What is dependency theory in mass communication and how does it differ from modernization theory explain?
Modernization theory holds that increases in technology will increase wealth throughout the globe, and that low-income nations can follow the path taken by wealthier, modernized nations. Dependency theory holds that some nations gained wealth at the expense of other nations, especially through colonization.