eq1- theories of development

Question 1

world system theory

Answer 1

-argues core + periphery model helps to explain developement gap
-developed by wallerstein in 1974
-core areas: import raw materials +process them to goods so add value to product + make profits
-periphery areas: raw materials come from peripheral regions (or developing c) + these countries r so losing out
-unequal trading patterns: exist between core + periphery regiones. began during colonial era+remain now. now, the western core owns+consumes 75% of global goods +services

Question 2

dependency theory

Answer 2

-similarly, thinks developing countries r kept poor bc of their depence on wealthy countries
-periphery: bc the terms of trade r unfavourbale +peripheral regions arent able to maximum profit. tehy r stuck exporting raw materials + dont benefit from having 2ndary or tertiary ‘value added’ activities
-vicious cycle: or a ‘postive feedback loop’. DC cant add value to products by processing them into goods bc they dont have infrastructure, expertise or capacity to. theyre tarpped in VC of poverty