Dependency theory shows how European colonizing powers blocked the emergence of industrial capitalism in the Global South.

Question

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Dependency theory argues that the Global South became economically dependent on the industrialized Global North due to exploitative relationships established during colonialism. This prevented the emergence of industrial capitalism within the Global South because their economies were focused on providing raw materials and cheap labor for the North, rather than developing their own industries. Therefore, the answer is true.

Dependency Theory Shows How European Colonizing Powers Blocked the Emergence