According to Sanderson and Alderson, Dependency and World-System Theories Do

question 76

True/False

According to Sanderson and Alderson, dependency and world-system theories do a fairly good job of explaining global patterns of unequal economic development over the past few centuries, but they are less effective in accounting for the development prospects of less-developed countries since the 1960s.

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Definitions:

Panels

Groups of selected individuals or experts brought together to discuss, investigate, or study a specific subject or area of interest.

Average Costs

The total costs of production divided by the quantity of output produced, representing the cost per unit of output.

Output

The quantity of goods or services produced by a firm or industry within a certain period.

Declines

Decreases in the value, amount, or quality of something.