Frank's dependency theory Flashcards
What is the core?
Developed nations like North America
What is traded between the periphery and the core?
Low value materials
When was the dependency theory created?
1967
Who developed the theory?
Andre Frank
What did Frank believe?
That development is about two types of global regions- the periphery and the core
What is the periphery?
Global regions that produce raw materials for the core to manufacture into higher value goods
How is the core wealthy?
Turns the raw materials from the periphery into high value goods, which it then sells
What has the core achieved by exploiting the periphery?
Development
_______________ materials are traded from the __________ to the ___________.
Low value materials are traded from the periphery to the core
What percentage of the world’s population is the core?
15%
What percentage of the worlds income does the core enjoy?
75%
What is dependant on the core to process the raw materials?
The periphery
How does the core depend on the periphery?
To produce raw materials
