Dependency Trends
Abstract Dependency theory is rooted in the work of Marx (1976; Marx & Engels 1848), Lenin (1914), Luxemburg (1915), and others (Hobson, Kautsky, Bukharin), who emphasize the globalizing trends associated with the inevitable, imperialist expansion of capitalism across the globe. Dependency theor...
| Main Authors: | , |
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| Format: | Other/Unknown Material |
| Language: | English |
| Published: |
Wiley
2012
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| Subjects: | |
| Online Access: | http://dx.doi.org/10.1002/9780470670590.wbeog142 https://onlinelibrary.wiley.com/doi/pdf/10.1002/9780470670590.wbeog142 |
| Summary: | Abstract Dependency theory is rooted in the work of Marx (1976; Marx & Engels 1848), Lenin (1914), Luxemburg (1915), and others (Hobson, Kautsky, Bukharin), who emphasize the globalizing trends associated with the inevitable, imperialist expansion of capitalism across the globe. Dependency theorists link this expansion to systemâwide trends in power/dependency relations between the wealthy North Atlantic center (the core) and the poorer periphery of the South. Unequal terms of trade, investments, currency differentials, and indebtedness coupled with related dynamics to accumulate surplus value in the center lead to the relative underdevelopment of the periphery. |
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