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Dependency

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Dependency is a phenomenon of imperialist capitalism in which the economy of an underdeveloped country is conditioned by the development and expansion of another economy to which it is subordinated.[1] It is a feature of Latin American countries, subordinated to imperialist expansion.

References

  1. Vânia Bambirra (2013). 'Towards a typology of dependency' in Latin American dependent capitalism [Portuguese: 'Para uma tipologia da dependência' in O capitalismo dependente latino-americano]. Editora Insular. [LG]