In Spite of Gaps, by the End of the 1970s

question 25

True/False

In spite of gaps, by the end of the 1970s, a relatively sophisticated welfare state had evolved in the United States.

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Definitions:

Multinational Corporations

Large companies that operate and have subsidiaries in several countries around the world, extending their influence across national borders.

Dependency Theory

A theory suggesting that the economic growth of developing countries is hindered by their dependence on developed countries, leading to unequal international relations.

Cycle of Debt

A repetitive sequence where a borrower incurs new debt to pay off existing debts, often leading to worsening financial conditions.

Prevented Industrialization

The hindrance or delay of the industrial development process in a country or region, often due to external or internal factors.