Asked by Ngo Cao Nguyen (K13_HCM) on Jun 06, 2024
Verified
Serge argues with his professor, saying that the reason why Latin America continues to be poor is due to the greed of countries like Canada and the United States, which keep Latin America trapped in a cycle of debt. What theory is Serge's argument informed by?
A) dependency theory
B) world systems theory
C) modernization theory
D) new international division of labour theory
Dependency Theory
A theory suggesting that the economic growth of developing countries is hindered by their dependence on developed countries, leading to unequal international relations.
Cycle of Debt
A repetitive sequence where a borrower incurs new debt to pay off existing debts, often leading to worsening financial conditions.
- Comprehend the concepts behind international economic interactions, including modernization theory, dependency theory, and world-systems theory.
Verified Answer
SR
Sanjana RahmanJun 09, 2024
Final Answer :
A
Explanation :
Serge's argument aligns with dependency theory, which posits that economic disparities between nations are maintained through a global system that benefits wealthy countries at the expense of poorer ones, often through mechanisms like debt and trade imbalances.
Learning Objectives
- Comprehend the concepts behind international economic interactions, including modernization theory, dependency theory, and world-systems theory.