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Dependence of Developing Countries on Developed Countries

Dependence of Developing Countries on Developed Countries

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Published by deepak
it is an assignment about how developing economies depend on developed economies........an iipm macro assignment
it is an assignment about how developing economies depend on developed economies........an iipm macro assignment

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Published by: deepak on Apr 10, 2010
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Dependency Theory :
Dependency can be defined as an explanation of the economic development of a statein terms of the external influences--political, economic, and cultural--on national developmentpolicies. [Dependency is]...an historical condition which shapes a certain structure of the worldeconomy such that it favours some countries to the detriment of others and limits thedevelopment possibilities of the subordinate economics...a situation in which the economy of acertain group of countries is conditioned by the development and expansion of anothereconomy, to which their own is subjected.There are three common features to these definitions which most dependency theorists share:
, dependency characterizes the international system as comprised of two sets of states, variously described as dominant/dependent, center/periphery or metropolitan/satellite.The dominant states are the advanced industrial nations in the Organization of Economic Co-operation and Development (OECD). The dependent states are those states of Latin America,Asia, and Africa which have low
 per capita
GNPs and which rely heavily on the export of a singlecommodity for foreign exchange earnings.
, the assumption that external forces are of singular importance to the economicactivities within the dependent states. These external forces include multinational corporations,international commodity markets, foreign assistance, communications, and any other means bywhich the advanced industrialized countries can represent their economic interests abroad.
, the definitions of dependency all indicate that the relations between dominantand dependent states are dynamic because the interactions between the two sets of statestend to not only reinforce but also intensify the unequal patterns. Moreover, dependency is avery deep-seated historical process, rooted in the internationalization of capitalism.Dependency is an ongoing process: The success of the advanced industrial economies serve as amodel for the currently developing economies.
Developed Economies :
The term
developed country
is used to describe countries that have a high level of development according to some criteria. Which criteria, and which countries are classified asbeing developed, is a contentious issue and is surrounded by fierce debate. Economic criteriahave tended to dominate discussions. One such criterion is income per capita; countries withhigh gross domestic product (GDP) per capita would thus be described as developed countries.Another economic criterion is industrialization; countries in which the tertiary and quaternarysectors of industry dominate would thus be described as developed. More recently anothermeasure, the Human Development Index, which combines with an economic measure, nationalincome, with other measures, indices for life expectancy and education has become prominent.This criterion would define developed countries as those with a very high (HDI) rating.Few Developed Countries are :AustraliaAustriaCanadaCzech RepublicFranceGermanyIrelandJapanUnited Kingdom
Developing Economies:
Developing country
is a term generally used to describe a nation with a low level of materialwell being. There is no single internationally-recognized definition of developed country, andthe levels of development may vary widely within so-called developing countries, with somedeveloping countries having high average standards of living.Some international organizations like the World Bank use strictly numerical classifications. TheWorld Bank considers all low- and middle- income countries as "developing". In its most recentclassification, economies are divided using 2008 Gross National Income per capita. In 2008,countries with GNI per capita below US$11,905 were considered developing. Other institutionsuse less specific definitions
. Countries with more advanced economies than other developingnations, but which have not yet fully demonstrated the signs of adeveloped country, are groupedunder the term
newly industrialized countries
 Few developing countries are:-
ChinaIndiaIranPakistanSri LankaBrazilBangladeshMaldivesNepalbhutan

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