The doctrine of neoliberalism asserts that underdeveloped countries can develop by freeing up markets and allowing foreign corporations to operate within their borders.Why might dependency theorists critique this idea?
A)Dependency theorists would argue that the only way for underdeveloped nations to develop is to borrow from foreign banks and not rely on corporations.
B)Dependency theorists would argue that foreign states provide a much more stable source for income for underdeveloped nations.
C)Dependency theorists would respond that low-income nations need revolutionary changes that would push out, rather than welcome, foreign corporations.
D)Dependency theorists would argue that the legacy of colonialism has already led to positive forms of development in low-income countries.
E)Dependency theorists would suggest that before foreign corporations can make an impact in underdeveloped countries, those countries first need to develop a more modern culture.

Question

Quizplus · Accepted Answer

Dependency theorists argue that underdeveloped countries cannot rely on foreign corporations to bring development. In fact, they argue that foreign corporations exploit these countries for their own benefit and perpetuate global inequality. Dependency theorists would call for revolutionary changes that prioritize local development and control over resources.

The Doctrine of Neoliberalism Asserts That Underdeveloped Countries Can Develop