Dependency Theory

A major part of the world today faces the universal problem of poverty, and hence the consequences that follow. Global inequality is an extremely grave problem that needs the world’s attention. Dependent development has played a very significant role in bringing about global inequality. This theory of dependency suggests that the “core” or rich countries of the world have an unfair advantage over the “periphery” or poor countries. They appear to benefit from the development that occurs in poor countries, resulting in the peripheral countries to be worse off than before. According to the lecture, the rich always have an upper hand over the poor, both financially and politically. Hence, it turns out that the developing countries have to rely on the developed ones, which hinders their opportunity to become industrialized.

Dependency theory is extracted from the time periods of colonialism and neocolonialism. Before the Second World War, the modernized colonial powers overtook unclaimed

It shows the extreme potential that Tanzania has, in terms of resources and labor, but it cannot put them to full use because of poverty and lack of awareness. This brings in the dependency theory, which depicts the reliance of Tanzania on other European countries. Mwanza’s main source of income, the Nile Perch, is abundantly present in the region. The Tanzanians cannot benefit from it to feed themselves because of how expensive the fish gets after it is processed. Barely any of the citizens can afford it. And so, it is exported to European countries via cargo planes which are flown in by Russian pilots. It is evident that they are not paid for the fish as high as they should, but they export it anyway. This shows how a developing country’s assets are overtaken by other developed countries to their advantage. This leaves the ‘peripheral’ countries with nothing to