Which economic theory, developed in the 20th century, emphasizes the role of structural factors in perpetuating poverty? (1960)
Practice Questions
1 question
Q1
Which economic theory, developed in the 20th century, emphasizes the role of structural factors in perpetuating poverty? (1960)
A. Classical economics
B. Keynesian economics
C. Dependency theory
D. Neoclassical economics
Dependency theory argues that the economic conditions of developing countries are shaped by their historical and structural relationships with developed nations, leading to persistent poverty.
Questions & Step-by-step Solutions
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Q
Q: Which economic theory, developed in the 20th century, emphasizes the role of structural factors in perpetuating poverty? (1960)
Solution: Dependency theory argues that the economic conditions of developing countries are shaped by their historical and structural relationships with developed nations, leading to persistent poverty.
