Modernization and Dependency

             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,
             ...

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Modernization and Dependency. (1969, December 31). In MegaEssays.com. Retrieved 05:05, March 29, 2024, from https://www.megaessays.com/viewpaper/200787.html