Dependency theory posits that the US is wealthy due to exploitation of poorer nations, illustrating global economic structures and inequality.
Dependency theory argues that the United States is a rich nation because it has historically exploited poorer nations through mechanisms such as colonialism and neocolonialism, which have allowed for the accumulation of wealth and resources. This theory suggests that the wealth of rich nations like the United States is connected to the historical exploitation of poorer nations and the global economic structures that perpetuate inequality.
For instance, wealthy countries benefit from the cheap labor and resources of poorer nations, contributing to their economic prosperity. The emphasis on structural factors in dependency theory highlights how the global economy has been shaped by power dynamics that favor wealthy nations at the expense of poorer ones.
Therefore, according to dependency theory, the United States' wealth can be attributed to its historical and continued exploitation of less developed nations, illustrating the interconnectedness of global economic systems and the perpetuation of wealth inequality.
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