POL 1101 Study Guide - Final Guide: Developing Country, Periphery Countries, Class Conflict

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This theory is based on the development of the third world countries . The cause of low levels of development in less economically developed countries is caused by their reliance and dependence on more economically developed countries. The lesser economically developed countries will remain less developed because the surplus that they produce will be siphoned off by the more economically developed countries under the guise of multinational corporations. The development of many asian economies serves as an empirical contradiction to dependency theory. Interiorizing the external interest through the local elites who harmonize the interests of the dominant class in the core country with the interests of the dominant class in the peripheral countries. Wallerstein offers a new system approach to the international relations realm; he suggests that the state centric model is inappropriate to explain the core-periphery dichotomy. The emphasis must be placed on the capitalist system itself and the capitalist world system.

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