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Dependency Theory
A theory suggesting that global inequality is due to the exploitation of peripheral and semi-peripheral countries by core countries.
Modernization Theory
A theory in sociology that suggests societies progress linearly from traditional to modern states through processes of industrialization and democratization.
Underdevelopment
Underdevelopment is the condition in which a country or region suffers from a lack of economic progress, often marked by poverty and lower standards of living.
Business Tort
A civil wrong, apart from breach of contract, committed by or against an organization during the course of conducting business, leading to legal liability.
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