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