10 Questions
What theoretical traditions form the basis of dependency theory?
Marxism and Latin American structuralism
What did Raul Prebisch argue regarding liberal assumptions?
He rejected them
Why did Prebisch recommend LDCs to adopt import substitution industrialization (ISI) policies?
To produce industrial goods domestically
How did Prebisch's view on primary products differ from the demand for industrial goods?
People demanded more industrial goods as incomes increased
What problems were associated with the implementation of import substitution industrialization (ISI) policies?
Growing balance-of-payments deficits
According to dependency theorists, what is the primary factor inhibiting the development of less developed countries (LDCs)?
Exploitation and unequal power dynamics with developed countries (DCs)
What is the main criticism of dependency theory regarding its conceptual clarity?
It categorizes states as either dependent or independent, without accounting for varying levels of dependence
Which of the following is NOT a criticism of dependency theory?
It prescribes a breaking of linkages with the core and a socialist revolution as a solution
According to orthodox Marxists, what is the primary criticism of dependency theorists?
They are overly nationalistic and emphasize relations of exchange over relations of production
Which of the following is an example used to illustrate a criticism of dependency theory's predictions regarding development?
The rapid economic growth of China after adopting more open policies in 1976
Explore the dominant approach to development in Latin America during the 1960s, known as Dependency Theory. Understand how this theory argues that advanced capitalist states either underdevelop or prevent genuine autonomous development in less developed countries, drawing from Marxist and Latin American structuralist traditions.
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