Customize - Urban Dictionary Store

Pro Customization

Create unique products with your own words and definitions

Preview

Personalize Your Design

Your Word

Your Definition

A theory that argues that, due to the exploitative nature of the [relationship] between advanced capitalist (western) societies and the Third [World], the development of the former resulted in the underdevelopment of the latter. Because of its reliance on external sources of demand and investment opportunities, Western capitalism penetrated [virtually all] parts of the Third World and eventually laid down the foundations of dominance-dependence [relationship] structures between North and South which tended to engender and perpetuate underdevelopment in the Third World. According to this theory, exchanges between the North and the South, such as trade, foreign investment, and aid, are asymmetric and tend to stifle the development of the latter and to reinforce their dependence. The theory also contends that local elites with vested interest in the structure of dominance and in monopolizing (monopoly) domestic power cooperate with international capitalist elites to perpetuate the international capitalist system.

Text may be too long

Menu

Pro Customization

Preview

Personalize Your Design

Shopping Assistant