Modernization and Dependency essays

Modernization and Dependency essays Dependency is a process associated with the economies of many Third World countries that is formatted in terms of external factors. Dependency exists when a country relies on a single (or a limited few) exports that are sold to more industrialized countries, manufactured and then resold to the country of origin for a higher price. This means that a country's income from exports is continually insufficient to meet the cost of The nature of dependency theory categorizes countries into one of two types: dominant and dependent. Many formally colonized countries (such as India) were organized along this type of economic structure. The primary state was automatically the imperialist overseer and the dependent state was the colony. Single export economies were also common within the colonial network (consider coffee from Brazil or sugar from the Caribbean). Dependent states tend toward a low per capita GNP as direct result of their dependency. "The dependent states supply cheap minerals, agricultural commodities, and cheap labor, and also serve as the repositories of surplus capital, obsolescent technologies, and manufactured goods. These functions orient the economies of the dependent states toward the outside: money, goods, and services do flow into dependent states, but the allocation of these resources are determined by the economic interests of the dominant states, and not by the economic interests of the dependent Economic dependency is a result of direct intervention and manipulation of the economic structure in poorer countries. Industrialization is limited as a result of outside control and domination. These are countries that are exploited for the purpose of providing specific export products and, or, cheap labor to the detriment of the native population and the benefit of the dominant state. Politically, ...