Economic growth in countries such as South Korea and Taiwan challenges which theory of economic development?

Question

Quizplus · Accepted Answer

The economic growth in countries like South Korea and Taiwan challenges the dependency theory, which posits that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former. South Korea and Taiwan's rapid economic development contradicts the theory's assertion that peripheral countries cannot develop economically within the global capitalist system due to their dependence on core countries.

Economic Growth in Countries Such as South Korea and Taiwan