Dependency Theory of Development
Key Points Slum village near the river in the Mandalay city in Myanmar (Burma) Definition & Example Dependency theory is an explanation of the continued lack of development throughout the third world compared with the developed capitalist societies of the West. Andre Gunder Frank posited that the underdeveloped state of the third world was a consequence of first-world policy. First-world countries had ‘enclaves’ in the third world, usually in capital cities, which they used to exploit resources that would be transferred to the capitalist countries of the West....