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Evgen [1.6K]
3 years ago
9

Why was e growth of trade important?

Social Studies
1 answer:
Alika [10]3 years ago
5 0
Because trade is very important for all.tlThe growth is very important
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There is much criticism that modernization theory is Eurocentric. Do you think dependency theory is also biased? Why, or why not
vredina [299]

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Dependency theory has bias just as it is formulated within the context of underdevelopment, therefore it does have bias.

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For example, India's economy in the latest 15 years, seems to contradict some key beliefs of dependency theory as their claims concerning comparative advantage and mobility, as much as the economic growth that has originated from models like outsourcing. Outsourcing is a mobile form of transferring capital. Dependency theory would strongly oppose it.

The case of South Korea versus the North companion provides also an example of the economic performance of a trade-based economy against an autocratic self-sustained economy.

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