Answer:
Dependency theory has bias just as it is formulated within the context of underdevelopment, therefore it does have bias.
Explanation:
The dependency theory strongly criticizes foreign investments that move freely according to the international flow of capital. The model of dependency originates in the setting of Latin America and has failed to propose a way to counterbalance the dominant or prevailing system and make it functional.
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.
Therefore the protectionism initially preached by dependency theory did not turn the solution it promised. Rather, Latin American countries summed up huge debts and suffered periodic recession. The lack of conditions favorable to produce complex industrialized goods, as automobiles, computers, etc further ignites this failure. Not all goods will ever be able to be produced locally like the cars, computers, and technology so a turnig back is often leading to disaster or isolation from the world.
Answer: Supply will increase and the equilibrium price will decrease.
The influx of taxi drivers will significantly increase because there's no longer regulation that will prevent people from becoming taxi drivers. This will make supply exceed demand thereby the equilibrium price of taxi fare will decrease.
Answer:
The economy in Colonial Georgia was mainly based off of plantations which grew indigo, rice, and sugar. ... Georgia also traded and exported all of the things they grew. Like mentioned in the agriculture section, most of Georgia's money came from cash crops such as indigo, rice, and sugar.
Explanation:
Answer:
The Magic Colin describes is a kind of life force that makes everything happen: It makes the sun rise, the flowers bloom, all of that. When Colin began to walk, it was thanks to the Magic of Mary and Dickon insisting, "You can do it! You can do it!"
Explanation:
Hope this helped! (✿◡‿◡)
