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Where Does Underdevelopment Come from?
Where Does Underdevelopment Come from?
Marcus Vance••6 min read
According to dependency theory
dependency theory
Some authors identify two main streams in dependency theory: the Latin American Structuralist, typified by the work of Prebisch, Celso Furtado, and Aníbal Pinto at the United Nations Economic Commission for Latin America (ECLAC, or, in Spanish, CEPAL); and the American Marxist, developed by Paul A.
, underdevelopment is mainly caused by the peripheral position of affected countries in the world economy. Typically, underdeveloped countries offer cheap labour and raw materials on the world market.
What are the main causes of underdevelopment?
Unemployment; Poverty; child marriage; Injustice; High population growth rate; illiteracy; Corruption; High Dependence on Agriculture; Economic inequality; Corruption; Lack of structural, institutional and technical change.
Who developed the theory of underdevelopment?
Paul Baran, in his work The Political Economy of Growth (1973, first published in 1957), pioneered the theory of underdevelopment.
Marcus Vance is a cybersecurity auditor and technology writer dedicated to educating the public about online safety, data privacy regulations, enterprise security, and emerging cyber threats.
