Dependency Theory and Its Limits: A Review

Abstract

If states are connected with each other, what is the nature of this relationship?
Why do a few states (mostly of the global North) get richer, and the many others
(mostly of the global South) remain poor? In other words, why do some states
fail and others not? The “dependency school” built upon the history of colonial
experience of the South to suggest answers for these questions, pointing out that
the world economy was exploitative structurally. This essay presents a review of
the literature on dependency theory, using insights form postcolonial theory