James, a student of economics, argues that high-income countries benefit because the poor countries provide cheap labor and are subjected to exploitation by the rich nations as they are not powerful enough to protest. Which of the following theories supports James's opinion?

Question

Quizplus · Accepted Answer

Dependency theory supports James's opinion as it suggests that wealthy nations benefit at the expense of poorer ones through mechanisms that perpetuate inequality, including the exploitation of cheap labor in less developed countries.

James, a Student of Economics, Argues That High-Income Countries Benefit