According to dependency theory, poor countries have become dependent on rich nations because:
A) they sell raw materials to rich nations.
B) rich countries bring tourism dollars.
C) rich nations buy their manufactured goods.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

Dependency theory asserts that poor countries are reliant on the rich nations for their economic survival because they only supply raw materials at a low cost, which the wealthy nations then refine into finished goods, sell for a much higher price in the global market, and gain the financial benefits. This economy is not sustainable for the underdeveloped nations since they embrace insufficient, technology-limited, and stagnant economic structures.

According to Dependency Theory, Poor Countries Have Become Dependent on Rich