In Attempting to Explain the Persistent Underdevelopment of the Global

question 44

Essay

In attempting to explain the persistent underdevelopment of the Global South, some theorists direct attention primarily toward what happens within these countries, whereas others focus on the position of developing countries in the world political economy. Compare the modernization and dependency theories on the causes of the economic gap between rich and poor countries. Which one do you find more convincing? Why?

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Definitions:

Labor Hours

The total number of hours worked by all employees for a specific period of time.

Market Costs

Expenses associated with buying, selling, and trading goods or services in a marketplace, including but not limited to production costs, transaction fees, and taxes.

Internet Servers

Machines or computer programs that serve the requests of other programs (clients) within a network, providing essential services such as web hosting, email, and data storage.

Returns to Scale

The rate at which production increases in response to proportional increases in all inputs.