Dependency Theory - Sayer Charnquist

Dependency theory is a well known development theory, it is known for it's refusal of the, at the time, popular modernization theory. It particularly condemn the way that countries in powers coerce less fortunate countries into copying their methods in order to become successful, potentially eliminating culture and societal ideas that have been built for several centuries. Dependency theory is founded around the ideals of Marxism, and showcases the economy as an all encompassing thing, voting to ignore specifics sections of it in favor of servicing the whole. Dependency theory is specifically active in places such and Africa, where most wealthy countries have given them loans, and thus their interest is skyrocketing, and they have a very low amount of money to spend with themselves. At this point the likelihood of Africa continuing to prosper is very low unless their debt is forgiven by the wealthier countries and they are allowed to gain money for themselves.

Sources: https://www.thoughtco.com/dependency-theory-definition-3026251

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