POLSCI 1G06 Lecture Notes - Lecture 12: Import Substitution Industrialization, Dependency Theory, Final Good
15 May 2016
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Political science 1g06 2015 lecture 9b development and. According to dependency theory, the economic development of. European states only occurred because of the economic underdevelopment of non-european states: what you"re trading plays a role in development. The question is, just how pervasive is the underdevelopment mechanism in history. Does the atlantic triangle of the 16th century repeat itself in subsequent centuries. Satellite development not generating an economy that is robust, self-sustaining. Brazil"s moments of industrialization they were the strongest when their relationship with the capitalist economy was weakened: but they don"t stay weak, ie. during war weak; after war strong again. All money is targeted back to the core, leaving the peripheral states worse off over time. Underdevelopment is not dependent on what you are exporting. Many states are exporting manufactured goods mostly on the bottom end of the production process. If being attached to the world capitalist economy means that your income will be syphoned out of your economy.
