Which of the following economists are proponents of d ependency theory of development ? Choose from the…
Andre Gunder Frank and Raul Prebisch are associated with explanations of underdevelopment centred on dependence and unequal relations between the economic centre and…
Choose your answer
Which of the following economists are proponents of d ependency theory of development ? Choose from the code below :
I. Ragnar Nurkse
II. Andre Gunther Frank
III. Raul Prebisch
IV. John Kenneth Galbraith
Answer and explanation
Correct answer B
Andre Gunder Frank and Raul Prebisch are associated with explanations of underdevelopment centred on dependence and unequal relations between the economic centre and periphery. Ragnar Nurkse is associated with balanced growth and the vicious circle of poverty, rather than this pair of dependency approaches. John Kenneth Galbraith is better known for institutional analysis and critiques of affluent industrial society.
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UGC NET Economics