Marxist Theory
Unlike the Stage Theories or the Structural Change Models of economic development, which considered underdevelopment as a result of internal constraints such as insufficient savings, investment or lack of infrastructure, skill or education, the proponents of the Neocolonial Dependence model portray third world underdevelopment as an externally induced phenomenon.
According the theory of Neocolonial Dependence, rich countries hurt the developing countries through their intentionally exploitative or unintentionally neglectful policies. The rich countries and a small elite ruling class in the developing countries, who serve as the agent of the rich countries, are responsible for the perpetuation of underdevelopment in the developing countries.
Read more about this topic: Neocolonial Dependence
Famous quotes containing the words marxist and/or theory:
“Why juggle with the term “bourgeois” in regard to Flaubert? You know quite well that in Flaubert’s sense it was not a class category. In other words, Flaubert in the eyes of Marx was a bourgeois in the Marxist sense, while Marx in Flaubert’s eyes was a bourgeois in a Flaubertian sense.”
—Vladimir Nabokov (1899–1977)
“Everything to which we concede existence is a posit from the standpoint of a description of the theory-building process, and simultaneously real from the standpoint of the theory that is being built. Nor let us look down on the standpoint of the theory as make-believe; for we can never do better than occupy the standpoint of some theory or other, the best we can muster at the time.”
—Willard Van Orman Quine (b. 1908)