According to Glenn Firebaugh, empirical tests of dependency theory actually indicate that the long-term effect of foreign investment in the Third World is to promote rather than inhibit development.

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Glenn Firebaugh analyzed empirical data and concluded that, contrary to dependency theory's predictions, foreign investment in developing countries tends to promote economic development over the long term, challenging the theory's assertion that such investment perpetuates underdevelopment.

According to Glenn Firebaugh, Empirical Tests of Dependency Theory Actually