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π Topic Summary
Dependency theory argues that wealthy, developed nations (the "core") exploit poorer, developing nations (the "periphery") for resources and labor. This exploitation perpetuates a cycle of dependence, preventing periphery countries from achieving economic independence. Essentially, the core benefits at the expense of the periphery. Think of it as a global power imbalance where the rich get richer and the poor stay poor because of the system itself. π€
π Part A: Vocabulary
Match the term with its correct definition:
- Terms:
- Core
- Periphery
- Exploitation
- Globalization
- Neo-colonialism
- Definitions:
- Economic dominance exerted by powerful nations over less developed countries after the end of formal colonial rule.
- The process by which businesses or other organizations develop international influence or start operating on an international scale.
- The action or fact of treating someone unfairly in order to benefit from their work.
- Countries that are less developed and often provide raw materials and cheap labor to core countries.
- Wealthy, industrialized countries that benefit from the exploitation of periphery countries.
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- Core - Wealthy, industrialized countries that benefit from the exploitation of periphery countries.
- Periphery - Countries that are less developed and often provide raw materials and cheap labor to core countries.
- Exploitation - The action or fact of treating someone unfairly in order to benefit from their work.
- Globalization - The process by which businesses or other organizations develop international influence or start operating on an international scale.
- Neo-colonialism - Economic dominance exerted by powerful nations over less developed countries after the end of formal colonial rule.
π Part B: Fill in the Blanks
Complete the following paragraph using the words: development, resources, dependent, inequality, trade.
Dependency theory suggests that periphery countries remain __________ because they are exploited for their __________ by core countries. This exploitation hinders their own __________, and perpetuates global __________ through unfair __________ practices.
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Dependency theory suggests that periphery countries remain dependent because they are exploited for their resources by core countries. This exploitation hinders their own development, and perpetuates global inequality through unfair trade practices.
π€ Part C: Critical Thinking
Consider a specific example of a country and analyze how dependency theory might explain its current economic situation. Be sure to identify core and periphery roles.
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