In the domain of International Political Economy what is understood by quot Dependency Theory quot ........

Economic and Social Issues Growth and development

In the domain of International Political Economy, what is understood by "Dependency Theory"?

Economic activity in the richer countries often leads to serious economic problems in the poorer countries.

Economic development of poorer countries is positively dependent on economical growth of richer countries.

Economic growth is beneficial to all.

None of the options given are correct

"Dependency Theory" is an economic activity in the richer countries often leads to serious economic problems in the poorer countries.

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