Dependency And Colonialism In Latin America
[A] Situation in which a certain group of countries have their economy conditioned by the development and expansion of another economy, to which the former is subject... In all cases, the basic situation of dependence leads to a global situation in dependent countries that situate them in backwardness and under the exploitation of the dominant countries.
Colonialism may be a major example of this and was invariably some way to creating the colonized country captivated with the colonizing nation. Once the state in power has management over that, laws are implemented, that social establishments are contributory to maintaining its own rule and that economic functions the colonized state should perform, dependency is thereby forced onto that colonized country. This method, in effect, removes the later country’s autonomy and was one amongst the first functions of market economy within the nineteenth