Dependency Theory in International Political Economy was developed to explain economic stagnation in Latin America and the Global South by dividing the world into:
AEast and West economic blocs
BNorth and South military alliances
CCore (developed nations) and Periphery (underdeveloped nations)
DDemocratic and Autocratic trade systems
Explanation
Dependency theorists (like Raul Prebisch and Andre Gunder Frank) argued that wealth flows from poor ‘periphery’ states to rich ‘core’ states.
Exam Relevance
- Topic: International Political Economy
- Subtopic: Dependency Theory

No Comments