DEPENDENCY THEORY: STILL AN APPROPRIATE TOOL FOR UNDERSTANDING THE POLITICAL ECONOMY OF THE MIDDLE-EAST?
Abstract: Although dependency theory is usually described as the
worldview of the 1960s and 1970s, economic and political life in poor countries
are still not able to overcome their standing problem of dependency on other
countries. This article argues that dependency approach is still an appropriate
tool for explaining economic and political situation in the Middle Easter
countries. Within this framework, the article articulates the dependency theory
and the modernization approach, a related concept, and evaluates the
explanatory power of the dependency theory in such fields as finance, nutrition,
oil and industry.
Keywords: Dependency, Dependency Theory, The Middle East, Third
World Development, Modernization
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