Asked by Rebecca Hasanin on May 11, 2024
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According to dependency theorists, investment by multinational corporations tends to positively benefit the rich countries and result in negative consequences for poor countries.
Dependency Theorists
Scholars who argue that economic disparities between nations arise from the exploitation of poorer countries by wealthier ones, leading to a state of dependency.
Multinational Corporations
Entities that operate in multiple countries beyond their home base, usually to maximize market reach and optimize production costs.
Rich Countries
Nations with high gross domestic product (GDP) per capita, indicating a high level of economic prosperity and standard of living.
- Analyze the concepts of economic growth, encompassing theories of modernization, dependency, and the world-systems approach.
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Learning Objectives
- Analyze the concepts of economic growth, encompassing theories of modernization, dependency, and the world-systems approach.
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