We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Underdevelopment theory and poverty - Essay Example

Comments (0)
Summary
Underdevelopment is the process that allows advanced countries to influence the growth of developing countries through colonialism. The advanced nations change agriculture in African countries that was a main source food to a subdivision of the agricultural system in a metropolitan area…
Download full paper
GRAB THE BEST PAPER
Underdevelopment theory and poverty
Read TextPreview

Extract of sample
Underdevelopment theory and poverty

Download file to see previous pages... Underdevelopment theory and poverty

The underdevelopment theory occurred because of objection of the modernization theory. The theory is mainly concerned with financial structures (Foster-Carter 1985, p1). It is equally evident that the theories of development were responses to decolonization process. Dependency theory was the main element of underdevelopment theory that arose after the disillusionment with the development of financial strategies. The underdevelopment theory focuses on the relationship between the advanced and undeveloped countries. Baran claimed that the modernization theory supported capitalism that kept the developing world backwards while the advanced world continued to acquire valuable resources and chances to obtain economic surplus. During the beginning of capitalism in the advanced world, the peasants and traders acquired capital rapidly. However, this did not happen in the colonized nations. This resulted into underdevelopment in the third world nations. The development theorists believe that the developing counties would escape underdevelopment if they had withdrawn from global capitalism (Harris 1989).
According to the underdevelopment theorist, the increase and persistency of poverty results from the influence of the financial and political system of developed countries. This implies that the emphasis of modernization on financial growth was unsuccessful. This is evident in the rising poverty rates and indebtedness of developing counties specially the African countries. The exposure to the economic and political systems of the advanced systems was referred to as modernization. The modernization perception was the model of development, which failed due to various reasons. One of the reasons is that it did not have vital ingredients, which included enough historical contribution and a structural incline. This implies that modernization is ethnocentric and fails to consider the fact that the wealth of evidence that the growth of the financial system cannot be summarized in simplistic concept. This is because the system of the traditional values cannot be substituted with the modern ones. The economic and political influence of the advanced states caused the increased the poverty level in developing countries because they were not structurally responsive to various vital factors (Sklair 1994, p 61). The factors included the introduction of the new technology and market systems in the current social relations. Additionally, the modern perspective ignored the lack of equality of power and social classes (Stiglitz 2002, P. 2). The economic and political influence of the advanced nations led to underdevelopment because it increased the dependence of the developing nations on the advanced ones. The gap between the financial status of the advanced and developing nations became wider because of dependence. The social economic stability of the advanced states was maintained while the workers and peasants in the developing countries became strained financially. The problem of underdevelopment can only be solved if the there can be the equal global redistribution of resources. It can also be solved if there can be essential alterations in the productive relations within the developing nations (Webster 1992, p 30). The dependence theorists claim that the impacts of the economic system of the advanced ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Globalization and Poverty
These regions include various countries of Africa and Asia which have failed to achieve economic progress and improve the lifestyle of its people despite possessing large amounts of natural resources. The global community in which the developed states are the stake holders and decision makers have put forward various strategies and schemes for the eradication of poverty in these regions however their line of action is not the best one that is why we are still waiting to see any progress in this regard.
4 Pages(1000 words)Essay
Global Inequality and Development. Theories of Social Development: Dependency Theory
It has been relevant for ages to explore and explain social events and social order in accordance with theories developed by the science of sociology. In the modern times it is too hard to systematize social events with regards to sociology only. It is necessary to expand the limits of our worldview in terms of globalization processes, globalized economical and social context of the modern world.
7 Pages(1750 words)Essay
Whether underdevelopment is a consequence of colonial legacy
Many centuries of domination and exploitation followed, until the end of the nineteenth century when the former colonies started to gain their independence, partly through revolt and resistance, and partly because the European powers were exhausted and both militarily and economically, and severely weakened after two World Wars.
7 Pages(1750 words)Essay
Is poverty of the third world the fault of the first world
Moreover, “In 2009, 14.3 percent of all persons lived in poverty” (Poverty in the United States, 2010). The cases of developing and underdeveloped countries are even worse. Some people believe that poverty in third world countries is caused by the uncontrolled consumerism and crazy life styles of the people in the developed countries whereas others argue that developed countries have nothing to do with the poverty in third world countries.
6 Pages(1500 words)Essay
Causes of Development and Underdevelopment
There are varying explanations for causes of underdevelopment and the concepts of development. This paper seeks to discuss the arguments about the causes of development and underdevelopment. The paper shall highlight the most pronounced of these views and the social, political and economic forces backing each.
3 Pages(750 words)Essay
Underdevelopment in Africa
Whereas the average per capita income in the industrialized world stands at over $27,000, in Africa the figure is just over $500. The implication is not just that the developed countries are, on the average, 51 times richer than Africa but that at a modest GDP growth rate of 3%, a figure which most African countries have been unable to attain, it would take Africa 120 years to arrive at the current developmental status of the industrialized countries (Obadina, 2008).
2 Pages(500 words)Essay
Poverty Master Essay
The aforementioned has been asserted by several development scholars, with the crux of their argument being that widespread chronic and absolute poverty in any given society is a symptom of underdevelopment and an obstacle to development, with the inference being that poverty alleviation and development policies are coterminous (Sawhill, 1988; Korzeniewics and Smith, 2000; Moller et al., 2003; Ellis and Freeman, 2004; Cornwall and Brock, 2005).
12 Pages(3000 words)Essay
Poverty and Underdevelopment in Modern Times
According to the study, Poverty and Underdevelopment in Modern Times, the more underdeveloped countries are those that are yet to develop. In these countries, which are commonly known as developing countries or Third World countries, the quality of education and the presence of health benefits are considered a luxury instead of a necessity.
8 Pages(2000 words)Essay
Colonialism gave nothing to Africa,expect poverty,famine, disease and underdevelopment. Discuss
For the past three decades, the growth rates of African nations have been negative. In 1980’s, the annual per capita Growth Domestic Product growth was -1.3% and declined to -1.9% in the 1990’s (Allen &
8 Pages(2000 words)Essay
Images Of The Extreme Poverty
It is characterized by underdevelopment of the possibilities, striving to meet the material needs at the expense of the spiritual ones, breaching social ties. This leads to the low material status of certain groups of people, changing their system of values, forming a special social world and its culture.
8 Pages(2000 words)Essay
Let us find you another Essay on topic Underdevelopment theory and poverty for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us