Discussion 3 - There are many differing views regarding the...

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There are many differing views regarding the causes and solutions for inequality and poverty around the world. The dependency theory blames international capitalism as the main hindrance for developing countries. People who agree with this theory believe in a world divided between an industrial core and underdeveloped periphery. Multinational corporations benefit from the periphery that provides cheap products and labor. They benefit at the expense of these underdeveloped nations struck by poverty. I agree with the dependency theory and believe that developed countries experience greater success at the expense of developing countries. In my opinion, this theory has the most convincing evidence supporting its stance. There is a growing gap of inequality between developed and developing nations in the economy as developed countries earn profits that aren’t reinvested into the Third World nations that produce them. There is an international division of labor and developing nations struggle to develop successful manufacturing based economies that can provide economic growth. Another popular cause for poor growth is the poor economic policies of developing
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This note was uploaded on 09/29/2011 for the course POL 130 taught by Professor Simonelli during the Spring '08 term at Purdue University-West Lafayette.

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Discussion 3 - There are many differing views regarding the...

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