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Preferred term

dependency theory  

Definition

  • Dependency theory falls within a group of neo-Marxist theories that attempt to explain development, underdevelopment, and inequalities in the global system. Dependency theory is a response to the earlier modernization theory and its failure to generate economic growth in Latin America in the 1950s and 1960s. [Source: Encyclopedia of Geography; Dependency Theory]

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https://concepts.sagepub.com/social-science/concept/dependency_theory

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