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Dependency theory is the idea that resources flow from a "periphery" of poor and exploited states to a "core" of wealthy states, enriching the latter at the expense of the former. A central contention of dependency theory is that poor states are impoverished and rich ones enriched by the way poor states are integrated into the " world system ".
Wallerstein's definition follows dependency theory, which intended to combine the developments of the different societies since the 16th century in different regions into one collective development. The main characteristic of his definition is the development of a global division of labour, including the existence of independent political units ...
Amin identified himself as part of the school of global historical materialism, in contrast to the two other strands of dependency theory, the so-called dependencia and the World Systems Theory. The dependencia school was a Latin American school associated with e. g. Ruy Mauro Marini, Theotônio dos Santos, and Raúl Prebisch.
Andre Gunder Frank (February 24, 1929 – April 25, 2005) was a German-American sociologist and economic historian who promoted dependency theory after 1970 and world-systems theory after 1984. He employed some Marxian concepts on political economy, but rejected Marx's stages of history, and economic history generally. [citation needed]
Dependency theorists suggest that information has a top-down approach and first goes to the Global North before countries in the Global South receive it. Although many of these countries rely on political or economic help, this also opens up opportunity for information to develop Western bias and create an academic dependency. [ 41 ]
Gereffi analyzes the limitations of dependency theory, particularly its lack of a comprehensive global perspective on MNCs. While dependency theorists focused on class structures and alliances in peripheral countries, they did not provide a top-down analysis of international industries. World-systems theory, while having a more global ...
v. t. e. World-systems theory (also known as world-systems analysis or the world-systems perspective) [ 3] is a multidisciplinary approach to world history and social change which emphasizes the world-system (and not nation states) as the primary (but not exclusive) unit of social analysis. [ 3] World-systems theorists argue that their theory ...
Dependency theory is essentially a follow-up to structuralist thinking, and shares many of its core ideas. Whereas structuralists did not consider that development would be possible at all unless a strategy of delinking and rigorous ISI was pursued, dependency thinking could allow development with external links with the developed parts of the ...