ECONOMIC DEPENDENCE: IMPLICATIONS ON THIRDWORLD COUNTRIES

This work on economic dependency is an attempt to elucidate the intricacies embedded in the concept. Its conceptualization is hung on the theory of dependency which portrays the reliance of the third world states on the buoyant north. The indices for economic dependency would be broadly spelt out through a historical-colonial and economic ideological lines particularly capitalism. The premise for this concept would not be left out as the implication and consequences of economic dependency would be analyzed, the recommendations would be intended to correct these negative consequences.