What is one way developing countries are affected by economic interdependence?

1 answer:

7 0

there are several theories that try to conceive how developing economies are affected by economic interdependence.

The globalization school of thought argues that developing economies help the growth of developing economies by investing in the countries, generating revenue and creating jobs.

The dependency theorists argues that the relationship between the two economies is like that of a flower and a cactus. as long as the flower continues growing near the cactus it will never stop weeping. This implies that the relationship is the main source of underdevelopment in the developing economies as the developed economies invest but repatriate the revenues to their home countries.
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