4.10 economic structuralism

4.10 economic structuralism - Two Theories of Economic...

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Two Theories of Economic Structuralism Dependency theory World systems theory The structure of power in the political system determines the structure of power in the economic system Dependency Theory Structural problem in intl. economic system exists: o Division between a “core” (highly developed states) and a “periphery” (underdeveloped states, mostly in Global South) o System favors D states, D states exploit UD states in what amounts to neo- colonialism Neo-Colonialism The rules of intl. trade and finance, the dominance of MNCs with Western headquarters, the terms of foreign aid, and the existence of intl. debt allows economically advantaged countries to dominate economically disadvantaged ones by transferring profits made in the latter to the former Core states are also dominant military and control the sale and production of arms Core states also spread Western culture, especially through media/advertising Most foreign aid and loans from MEIs have conditions (“modernize”) attached to
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4.10 economic structuralism - Two Theories of Economic...

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