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Former Colonies
Territories that were once governed and exploited by a foreign power but have since gained independence.
Dependency Theory
A theory in economics and political science that suggests countries can become dependent on more developed economies, resulting in a persistent state of underdevelopment.
Multinational Corporations
Large companies that operate and provide services or goods in multiple countries beyond their country of origin.
World Economic System
Refers to the global network of economic activities, including trade, finance, and production, that interconnects the world's economies.
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