Explanation:

- Dependency Theory:

- Focuses on how developed countries exploit developing ones.

- Claims that local economies are distorted by capitalist influences.

- Suggests that local elites often replace foreign exploiters, benefiting from the same exploitative structures.

- The correct answer, which argues for the replacement of foreign exploitation with local capitalism.

- Correct Answer.

- Convergence Theory:

- Predicts that societies will become more similar over time economically and socially.

- Focuses on the spread of industrialization and modernization.

- System Theory:

- A broader framework that deals with complex systems in nature, society, or science.

- Not specific to economic structures or imperialism.

- World System Theory:

- Similar to Dependency Theory but emphasizes the global economic system.

- Divides the world into core, semi-periphery, and periphery countries based on economic roles.