One of the Principal Criticisms of Dependency Theory Is That

question 20

Multiple Choice

One of the principal criticisms of dependency theory is that it:

• A) overestimates the dependency of First World nations on Third World labor
• B) neglects internal conditions of Third World countries that inhibit economic development
• C) implies that the Third World has benefited from relations with the First World
• D) supports the activities of the World Bank and International Monetary Fund

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Definitions:

Sources Of Wealth

The origins and means through which individuals or societies acquire economic resources and increase their financial assets, including labor, investment, entrepreneurship, and natural resources.

Colonial Nations

Refers to countries that were established or expanded by conquering and governing foreign territories, often characterized by the exploitation of resources and imposition of the colonizer's culture on the indigenous population.

Underdeveloped Colonies

Territories governed by foreign powers that experienced economic exploitation and insufficient investment in their infrastructure and social systems.

Economic Development

involves the process of improving the economic, political, and social well-being of a community or country, through strategies that may include industrialization, technology advancement, and improvements in living standards.