According to dependency theory,what hampers the social and economic development of low-income nations?
A) the lack of interest among Western businesses to do business in low-income nations
B) the (often)poor work ethic of people in low-income nations
C) competition and high mass consumption
D) the need for foreign capital and external markets supplied by richer nations

Question

Quizplus · Accepted Answer

Dependency theory suggests that low-income nations are unable to develop socially and economically because they are dependent on richer nations for foreign capital and external markets. This can lead to a lack of control over their own resources and economies, and can result in exploitation and uneven development. Hence, option D is the best choice. A, B, and C are not directly related to the concept of dependency theory.

According to Dependency Theory,what Hampers the Social and Economic Development