According to Andre Gundar Frank,what effect did the development of capitalism have on the Global South?
A) Capitalism aided in the modernization of the poorer countries.
B) The capitalist system generated underdevelopment.
C) Capitalist enterprises aided in the development of democracies.
D) Foreign investment helped build civil infrastructure.

Question

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Andre Gundar Frank argues that the development of capitalism had a negative impact on the Global South, leading to the generation of underdevelopment. According to Frank, the capitalist system created dependencies between rich and poor countries, with the former exploiting the latter for resources and cheap labor. This exploitation prevented the Global South from developing their own industries and technologies, perpetuating their reliance on the richer nations.

According to Andre Gundar Frank,what Effect Did the Development of Capitalism