Solution:Dependency Theory critiques the global capitalist system and argues that resources flow from the "periphery" (underdeveloped states) to the "core" (developed states), perpetuating inequality.Scholars such as Andre Gunder Frank, Raul Prebish, and Fernando Henrique Cardoso contributed to this theory. Milton Friedman, however, was a neoliberal economist and critic of such structural theories.
Dependency Theory critiques the global capitalist system and argues that resources flow from the "periphery" (underdeveloped states) to the "core" (developed states), perpetuating inequality.
Scholars such as Andre Gunder Frank, Raul Prebish, and Fernando Henrique Cardoso contributed to this theory. Milton Friedman, however, was a neoliberal economist and critic of such structural theories.