The document compares the Dependency theory and World Systems theory perspectives on global economic inequality. Dependency theory developed in the 1950s-1960s and focuses on the exploitative relationship between developed and underdeveloped countries. World Systems theory developed in the 1970s and views the global economy as a single capitalist system with a core-periphery-semi periphery structure that perpetuates inequality. Both theories see the global economy as unequal, but Dependency theory examines relations between states while World Systems theory emphasizes the hierarchical global economic system.
The document compares the Dependency theory and World Systems theory perspectives on global economic inequality. Dependency theory developed in the 1950s-1960s and focuses on the exploitative relationship between developed and underdeveloped countries. World Systems theory developed in the 1970s and views the global economy as a single capitalist system with a core-periphery-semi periphery structure that perpetuates inequality. Both theories see the global economy as unequal, but Dependency theory examines relations between states while World Systems theory emphasizes the hierarchical global economic system.
The document compares the Dependency theory and World Systems theory perspectives on global economic inequality. Dependency theory developed in the 1950s-1960s and focuses on the exploitative relationship between developed and underdeveloped countries. World Systems theory developed in the 1970s and views the global economy as a single capitalist system with a core-periphery-semi periphery structure that perpetuates inequality. Both theories see the global economy as unequal, but Dependency theory examines relations between states while World Systems theory emphasizes the hierarchical global economic system.
DEPENDENCY AND WORLD SYSTEM Dependency World Systems
Developed in the 1950s
Developed in the 1970s and 1960s, primarily by by Immanuel Waller Latin American stein. Views the world scholars. Focuses on as a single capitalist the relationship system with a core, between developed and periphery, and semi- underdeveloped periphery. countries.
Argues that Views the global
underdeveloped economic system as countries are exploitative and dependent on unequal, with core developed countries countries benefiting at for resources, capital, the expense of and technology. peripheral countries.
Highlights the Advocates for policies
exploitative nature of that promote this relationship, where economic equality and developed countries reduce the power benefit at the expense imbalance between of underdeveloped core and peripheral countries. countries.
Focuses on the global
Emphasizes the economic system as a importance of reducing whole and suggests dependency through that the global economic and political capitalist system reforms. perpetuates inequality and exploitation.
Both perspectives share the view that the global economy is
unequal and that developing countries are at a disadvantage. However, the Dependency perspective focuses on the relationship between developed and developing countries, while the World Systems perspective emphasizes the hierarchical structure of the global economy.