Dependency theory explains global inequality in terms of the historical exploitation of poor nations by richer nations.

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Dependency theory argues that poor nations have been exploited by richer nations for their resources, labor, and markets, resulting in global inequality. This theory stresses that the current economic and social structures of the global system are a result of historical and ongoing exploitation, perpetuated by dominant nations and their multinational corporations.

Dependency Theory Explains Global Inequality in Terms of the Historical