Dependency Theory Revisited

This volume of work considers theories that uphold the view that the induction of capitalism has been a factor responsible for the accentuation of underdevelopment in less developed countries. Following the Marxist approach, some scholars tried to explain development and underdevelopment with reference to and as a function of world capitalism. The theories of dependency provided "radical" explanations to the problem of underdevelopment. "Radical" theorists argued that the problem of underdevelopment could not be considered in a vacuum, but should be related to the phenomenon of development of capitalist countries. The basic purpose of this volume is to prepare a critical analysis of radical theories of development and underdevelopment. The main focus being a critical appraisal of dependency theories. The book looks at mainstream dependency theories and presents an overview of the contemporary thoughts on these theories.