Theories of Unequal Exchange
Arghiri Emmanuel’s theory of unequal exchange, was somehow an analysis of the deteriorating terms of trade for the less developed countries.
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Dependency Theory
Dependency Development
Dependency development is an area of dependency theory which analyses the export of primary resources from resource-rich but industry-poor countries
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The Capitalist World System by Wallerstein
the capitalist mode of production has only permeated the centre economies and their international relations with the periphery.
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Elimination of Dependency by Warren
Warren argued that in the long run the capitalist mode would lead to elimination of dependency or to a development out of dependency.
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Metropoles and Satellites in International Relations
The exchange relations and the network were described by Frank as a pyramidal structure with metropoles and satellites.
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