Dependency Theory
Dependency theory is a theory popularized in the mid 20th century that criticizes modernization theory. The theory gained popularity around the time that many former colonies of western powers were gaining their independence, and is rooted in marxism. Dependency theory assumes that newly independent and underdeveloped nations (the periphery) are disadvantaged in the global economy, and that richer nations (The centre) will benefit off of that. The centre gained power by exploiting the periphery, and this unequal economic relationship still remains today. The theory is rooted in the idea that the centre and the periphery will ever be able to hold equal influence in the world, and that the periphery will keep being exploited. The centre can keep them down due to lots of economic interaction with the centre and the periphery being in favor of the centre though it may not look like it. For example, a centre country may provide aid to a periphery country in the form of things such as i...