![]() ![]() it is not an exaggeration that donor money that is being extended to third World countries, has created more employment, demand for goods and services in richer countries than in poorer countries, thus perpetuating underdevelopment in the latter. Donor aid has, in a plethora of ways, enriched the rich countries while dialectically impoverishing poor countries. the continuation of this scenario has resulted in a situation where poverty has been exacerbated among the poorer nations, while the wealthy nations are becoming richer. ![]() the theory is premised on resources being extracted from poorer countries to enrich wealthy nations. Dependency theory, which originated in the 1950s, has Singer and Prebisch as the progenitors – and emerged as a result of the growing dissatisfaction with modernity theories that had propounded that economic growth in developed countries was similarly going to lead to unabated growth and development in poorer countries. Donor aid has emerged as a nuanced form of dependency on western countries. Donor aid has emerged as a symbol of dependency, supporting the argument on the relevance of dependency theory. this article argues that dependency theory is still relevant and has flared in this current epoch. a number of scholars have heaped aspersions on the relevance of the dependency theory. ![]() This article is a theoretical interrogation and appreciation of the relationship that hitherto exists between the dependency theory and donor aid. ![]()
0 Comments
Leave a Reply. |