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To what extent does dependency theory explain inequality in the world today?(2000 Words)

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General Management

To what extent does dependency theory explain inequality in theworld today?(2000 Words)

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Based on dependence theory politics and economics are related and interdependent and exhibit high correlation and many countries interact with each kther leaving some countries in isolation This has created inequality to large extent US and China have dominated world trade and subsequently their trade deficit has widening which triggered tarriff wars Both President Xi Jinping and Donald Trump being politically autocratic have not refrained and based on dependence theory we see the economic growth of both nations is linked to political vendettas The Trump administration brought high growth and high asset prices and also escalated the tariff war    See Answer
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