Dependency Theory in Urdu / Hindi
September 16, 2020
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16:53Now PlayingDependency Theory in Urdu / Hindi
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as posted by the channelOne of the core arguments of “Dependency theory” is that the current and past development of the West was promised on the underdevelopment of the third world countries. One of the key examples in India. When India was a colony of the British, the development of India was totally dependent on the British. After the end of colonialism, there came Core-Periphery relations. This Core-Periphery relation was not only among the countries but also within countries. The core constitutes the most powerful countries and the periphery constitutes the most backward countries. The function of this Core-Periphery model is, the economic surplus of the periphery always goes to the core. This is always done by the local presence.
Theotonio Dos Santos has identified three different kinds of historical dependencies.
1. Colonial Dependency
2. Financial-Industrial Dependence
3. Technological-Industrial Dependence
Finance and Technology are what that need for industrial growth. After the end of colonialism, the colonial countries started to borrow money from international institutions to purchase this advanced machinery which only produced by the advanced countries. Since poor countries have low levels of export than imports, they have no means to pay back these loans. This produced a cycle of poverty in which a poor country gets entrapped. There is also a severe inequality in the percent of interest rates paid by the rich and poor countries. All this scenario creates a dependency of poor on the rich and advanced countries for their development.
To watch more videos you can click on the following links:
Why poor countries are poor | Rational Choice Perspective |
Why poor countries are poor | Cultural Perspective |
Why poor countries are poor | Structural Perspective |
What is Poverty
Treaty of Westphalia
Realism in International Relations
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