As per the dependence theory, this term is used describe countries that are less developed and receive an unequal distribution of the world’s wealth.
Tuesday, August 22, 2023
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Question: As per the dependence theory, this term is used describe countries that are less developed and receive an unequal distribution of the world’s wealth.
According to the dependence theory, a concept in development economics, the term periphery refers to the countries that are less developed and suffer from an unequal distribution of the world's wealth. These countries are often exploited by the core countries, which are more developed and have greater economic and political power. The periphery countries depend on the core countries for trade, aid, and investment, but they also face barriers to their own development, such as debt, unfair trade policies, and environmental degradation.
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