Brazil's economy has strengthened considerably in the last few years, and Brazil is host to the Word Cup in 2014, and to the Summer Olympics in 2016. What might Gunder Frank and Cardoso say about Brazil's economic growth and its significance on the world stage? Based on the respective theoretical stances of both theorists, would either/both theorists be willing, do you think, to depart from some of their original arguments? Explain your reasoning.

Question

Quizplus · Accepted Answer

The Answer is Gunder Frank, a proponent of dependency theory, might argue that Brazil's economic growth is not a sign of true development, but rather a result of continued dependence on foreign investment and exploitation of natural resources. He might argue that the benefits of this growth are not reaching the majority of the population, and that Brazil's role as host to major international events is a distraction from the underlying issues of inequality and poverty.

On the other hand, Cardoso, a proponent of the dependent development theory, might acknowledge the economic growth as a positive sign of Brazil's ability to navigate the global economy and attract investment. He might argue that Brazil's hosting of major events is a sign of its increasing influence and importance on the world stage.

In terms of departing from their original arguments, it is possible that both theorists might be willing to adjust their perspectives in light of Brazil's recent economic growth. Frank might acknowledge that some progress has been made in terms of economic development, while still emphasizing the need for more equitable distribution of wealth. Cardoso might also recognize the ongoing challenges of dependency, and the need for continued efforts to address inequality and poverty. Overall, while their original arguments may still hold relevance, it is likely that both theorists would be open to revisiting and adjusting their perspectives in light of Brazil's changing economic and global position.

Brazil's Economy Has Strengthened Considerably in the Last Few Years