Dependency theory: for week 5
Adapted from an article in Workers' Liberty 28 'Dependency theory' 'Dependency' theory dates back to Paul Baran's book The Political Economy of Growth (New York, 1957). Third World countries were underdeveloped, argued Baran, mainly because of parasitism within the Third World countries and a drain of surplus to the advanced countries. The answer was for those forces seeking development in Third World countries to follow the model provided by the USSR - expropriate the parasitic old property-owning classes, centralise resources in the hands of the state, cut down economic relations with the...