The doctrine of neoliberalism asserts that underdeveloped countries can develop by freeing up markets and allowing foreign corporations to operate within their borders. Why might dependency theorists critique this idea?
A) Dependency theorists would argue that the only way for underdeveloped nations to develop is to borrow from foreign banks and not rely on corporations.
B) Dependency theorists would argue that foreign states provide a much more stable source for income for underdeveloped nations.
C) Dependency theorists would respond that low-income nations need revolutionary changes that would push out, rather than welcome, foreign corporations.
D) Dependency theorists would argue that the legacy of colonialism has already led to positive forms of development in low-income countries.

Question

Quizplus · Accepted Answer

Dependency theorists reject the idea of neoliberalism, arguing that it does not lead to sustainable development in underdeveloped countries. They believe that these nations need to challenge and transform the political and economic structures that keep them dependent on foreign capital. Thus, dependency theorists would argue that revolutionary changes are necessary to push out foreign corporations, rather than welcoming them in as an avenue for development.

The Doctrine of Neoliberalism Asserts That Underdeveloped Countries Can Develop