This document discusses dependency theory and dependent economies from the perspective of developing countries in the global south. It defines a dependent economy as one that primarily exports raw materials and imports finished goods from industrialized countries. Dependency theory argues this relationship promotes underdevelopment. The document outlines different schools of dependency theory, how dependence occurs, and its implications, such as unequal trade terms and the spread of outdated technology. It recommends policies for developing countries to pursue self-sufficiency and reduce exploitation by multinational corporations.

1. D e p e n d e n t E c o n o m y a n d I t ’ s
A t t r i b u t e s : A n A n a l y s i s f r o m
D e p e n d e n c y P e r s p e c t i v e s
C o u r s e N o : S o c 4 1 0 1
C o u r s e N a m e : S o c i a l C h a n g e 1

2. Presenting By…
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Jannatul Ferdous
ID: 151605
Zannatul Ferdaush
Keya
ID: 151630
Umme Kulsum
ID: 151642
Retu Das
ID: 151643

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4. What Is Dependent Economy?
• Due to the globalization, the economic village has brought a mixture of
hunger and plenty, advancement and backwardness, dependence and
interdependence.
• Globalization has only integrated poor states into world economy for the
good of the rich state that has advanced in technology, industrial
breakthrough, world finance and banking.
• Countries from the north side of the world are economically and
politically stable, technologically advanced while the majority in the
southern part is unstable and backward, comprising of most third world
countries (Ushie, 2018).
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Is dependency double sided or one sided?
• Dependence should not be viewed from a single side, but
from a double perspective - the south relying on the north and
the north relying on the south.
• Economic dependency is higher on the part of the south than
the north on the south in terms of finished goods but higher
on the part of the north on the south in terms of raw materials
(Ushie, 2018).

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7. So, economic dependence is basically
depend on the theory of dependency,
national economy and international
economic relations.
(Ushie, 2018)
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8. Economic Dependency: Perspectives
(Ushie, 2018)
Historical
Ideologica
l
Colonialism and
Imperialism Capitalism

9. How Does Economic Dependency
Occurs?
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• Trade
• Foreign Direct
Investment (FDI)
• Science and
Technology
• Free Trade Philosophy
(Ushie, 2018)

10. Premises For Economic
Dependency
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Available natural
resources,
cheap labor, a
place for out of
date technology
and a market.
Promote a state
of dependency .
Military Invasion

11. Let’s Talk About Dependency
Theory…
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Dependenc
y Theory
ECLA
School
The
Moderates
The
Radicals

12. Dependency Theory: ECLA
School
• United Nations Economic Commission for Latin America
(ECLA)
established in 1948.
• Raul Prebisch, Osvaldo Sunkel, and Celso Furtado (Namkoong, 1999).
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13. Dependency Theory: The
Moderates
• Frenando Henrique Cardoso and Enzo Faletto (Namkoong,
1999).
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14. Dependency Theory: The
Radicals
• Theotonio Dos Santos, Andre Gunder Frank and lmmanuel
Wallerstein (Namkoong, 1999).
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15. Implications for Economic
Dependency
 Third world and dependent countries were former colonies.
 Protectionism in trade and development.
There are skilled workers at the center and unskilled workers
at the periphery.
Luxury spending does not promote development and
economic self dependence as it encourages waste.
(Ushie, 2018)
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16. Implications for Economic
Dependency
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Import substitute industrialization.
The importance of technology.
Debt crisis.
Capitalism.
(Hoogvelt,
1994)

17. Dependent Economy: In The Light
Of Dependent Perspectives
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Finished Products and
Investments
Labor and Raw Materials

18. Dependency Theory: Flaws
• Every theory has it’s flaws or criticisms. Here,
criticism of dependency theory can be divided largely
into two parts:
–The liberalist critics and
–The non-dependency Marxist critics.
(Webster, 1984)
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19. Ending & Recommendations
• Third world countries that were former colonies should break free from
the colonies of imperial powers and establish a self sufficient program.
• Developing nations should protect their local industries from foreign and
uneven competitions, through tax reduction and aversion on local
industries, patronization of locally manufactured goods and services.
• Professional technical education should be encouraged in less
developed countries (LDCs) especially in tertiary institutions so as to
have better skilled workers to promote local industries (Ushie, 2018).
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20. Ending & Recommendations Cont’d
• Certain goods and services should be banned from being imported into
the country.
• Internal generation of fund by nation states should take the front burner
instead of resulting to borrowing from IMF.
• Nationalization of corporations and institutions by economic dependent
nations would curb the exploitative tendencies of Multinational
Corporation, thereby relaxing the negative effects of capitalism on
dependent economies (Ushie, 2018).
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21. Thanks & QA
Thank you  everyone for your patient hearing.
Any Questions???
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22. Data Sources
• Webster, A. (1984). Introduction to sociology of development (1st ed.). London: Macmillan Publisher.
• Hoogvelt, A. M. M. (1994). The Third World In Global Development (7th ed.). London: MACMILLAN.
• Namkoong, Y. (1999). Dependency Theory: Concepts, Classifications, and Criticisms from
http://ias.sagepub.com/
• Ushie, H. E. (2018). ECONOMIC DEPENDENCE: IMPLICATIONS ON THIRDWORLD COUNTRIES
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