What are the restrictions of dependency theory, Business Economics

What are the restrictions of dependency theory?

The restrictions of dependency theory:

• Self sufficiency and import-substitution strategy mean the advantages of International trade are lost and welfare decreased;

• Arrangement leads to government failure;

• Lack of competition leads to decreased consumer choice and market failure.

Posted Date: 8/29/2013 6:42:06 AM | Location : United States







Related Discussions:- What are the restrictions of dependency theory, Assignment Help, Ask Question on What are the restrictions of dependency theory, Get Answer, Expert's Help, What are the restrictions of dependency theory Discussions

Write discussion on What are the restrictions of dependency theory
Your posts are moderated
Related Questions
B. Complete the following table

Explain short run costs breifly.. In analyzing factor cost in an environment, accountants and economists speak much the same language. This is become, in a competitive market,


The problem with the above method crops up when we want to compare two or more dissimilar (different sized) projects. A mega project may yield a very large NPV sum, whereas a mini

What are Less Developed Countries (LDCs)? Less Developed Countries: Developing countries are frequently considered to as less developed countries. The World Bank categor

What is capital accumulation? Capital accumulation simply implies an increase into a country is stock or amount of capital over time. It requires net investment, which is inve

I am asking for a refund on this item #. I submitted the answers I thought were all right on this quiz and my score came back 18 right out of 30. Not happy that I am spending money

Question 1: (a) Discuss the relationship that exists between financial capital and physical capital. (b) Analyse how a stock-market crash would drive an economy into a

If nominal GNP enhances at a rate of 10 per cent per year whereas the GNP deflator enhances at 8 per cent per year then show how much real GNP rises. Explain?

Consider the following information in the international money markets:             Spot rate                       :           $0.95:€             Forward rate (one year)  :