Dependency Theory: Introduction, Concept, Features, Factors | Sociology

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Dependency theory
Definition
Dependency theory is the notion that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former.
Introduction
Marxist theory
Developed in the 1960s as a criticism of Modernization theory
Looks at the world system created through globalization
Studies the unequal relationships within this world system
It causes the development and underdevelopment
Shows that the world system has a by product of development

System of exploitation of labour
System of States (norms, rules)
Both are indistinguishable

Concept
International relations theory that examines the relationship and interaction between global North and global South states
North states- developed, producers
South - raw materials
Recognize that the history of colonialism
Held some countries back
Isolation - development for some nations such as China.

Features
 Two sets of states, variously described as dominant/dependent, center/periphery or metropolitan/satellite. 
Assumption that external forces are of singular importance to the economic activities within the dependent states.
Relations between dominant and dependent states are dynamic
interactions between the two sets of states intensifies unequal patterns.

Chapters:
0:00 Dependency Theory
0:06 Definition
0:52 Introduction
2:15 Concept
3:21 Features
4:34 Influential Factors
5:10 Conclusion
8:45 Questions
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