Dependency And Colonialism In Latin America

There are an abundance of theories as to the notable disparity and relationship between countries of Latin America, and the developed nations of North America, As well as other third world nations around the globe. One such theory is dependency. This theory born in the late 1940 's was a counter to the development theory of modernization. At its core dependency theory examines the historical trends of said countries to explain why they fail to compete both economically and socially with others. It is basically the notion that the resources flow from a perimeter of less financially stable and more rudimentary countries or states to a central concentration of more economically stable nations, enriching the latter to the detriment of the former. It is founded on the …show more content…
Dependency is:
[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