1.4 - Dependency Theory Flashcards
Who are the Asian Tigers?
Highly developed economies of Hong Kong, Singapore, South Korea and Taiwan – they were the first newly industrialised countries
What is the dependency theory?
Resources flows from the periphery to the ‘core,’ thus improving the quality of life for the rich but keeping the poor in a constant state of underdevelopment
How is modern exploitation done through international trade?
- Most ex-colonies’ rely on exports to the West
- LEDC’s are dependent on Western demand so if this rises/falls, it affects LEDCS’s greatly
- Western nations limits LEDC trade by setting prices, quotas, tariffs (WTO = USA)
What is neo-colonialism?
Using economic, political, cultural power to influence former colonies
Does Singapore argue with or against the dependency theory?
Against - Singapore’s economy was helped by the USA/IMF to prevent communism spreading
What is the 1st stage of Rowstow’s model?
Traditional society - 1° sector, subsistence, agriculture
What is the 2nd stage of Rowstow’s model?
Transition stage - infrastructure, specialisation
What is the 3rd stage of Rowstow’s model?
Take off - industrialising, urbanisation, political change, investment
What is the 4th stage of Rowstow’s model?
Drive to maturity - innovation, imports, investment, innovation
What is the 5th stage of Rowstow’s model?
High mass consumption - consumerism, services, tertiary sector
What does the core provide for developing countries?
Aid, pollution, political and economic ideas. TNCs, manufactured goods
What does the periphery provide for developed countries?
Brain drain, raw materials, debt repayment, political support, raw materials
Who was the theorist who proposed the dependency theory?
Andre Gunder Frank - ‘the development of underdevelopment’
How has colonialism created a dependency?
The exploitative relationship continues today between former colonisers + colonised through Western aid and international trade
What are the benefits + drawbacks of aid?
+Helps lift people out of poverty
+ Encouraging industrial development
+ Helps save lives after disasters
- ^ risk of corruption
- Dependency on richer countries (aid prevents LEDCs becoming restless)