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Please Outline the historical context in which dependency school theories emerged and assess their contribution to...

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Economics

Please Outline the historical context in which dependency schooltheories emerged and assess their contribution to the subject areaof Development Economics.

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SOLUTION HISTORICAL CONTEXT IN WHICH DEPENDENCY SCHOOL THEORIES EMERGED AND ASSESS THEIR CONOTRIBUTION TO THE SUBJECT AREA OF DEVELOPEMENT ECONOMICS Dependency theory is the notion that the resources flow from a Periphery or poor and underdeveloped states to a core of wealthy states enriching the latter at the expense of the former It is a central contention of dependency schools theory that the poor states are impoverished and rich ones enriched by the way poor states are integrated into the world system    See Answer
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