TITLE

GLOBALIZATION AND THE DEVELOPMENT OF UNDERDEVELOPMENT OF THE THIRD WORLD

AUTHOR(S)
Irogbe, Kema
PUB. DATE
March 2005
SOURCE
Journal of Third World Studies;Spring2005, Vol. 22 Issue 1, p41
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on the asymmetric relationships between the developed and the underdeveloped countries in globalization. The ideal of a universal civilization is a recipe for unending conflicts in the world. It is time to resolve the contradiction between the need to foster multiculturalism and diversity on the one hand and the promotion of globalization on the other hand. To fully understand the system of globalization, there is the need to revisit dependency theory. Dependency theory evolved in Latin America during the 1960s and later it found favor in some writings about Africa and Asia. Since both orthodox as well as the radical writers have assimilated dependency into their interpretation of development and underdevelopment, resulting in considerable confusion, effort is made here to distinguish the nature of dependency that the underdeveloped countries are subjected to turn what the orthodox scholars may claim. Contemporary perspectives of dependency reveal the contrasting forms of dominance and dependence among the nations of the capitalist world. Another fundamental concern of the dependency theory revolves around the notion that the underdeveloped countries are referred to, by many, as developing countries as if to say their development is evolutionary. Dependency relations have also shaped the social structure of underdevelopment. When the imperialist powers could no longer hold on to power in the formerly colonized territories they were forced to surrender power.
ACCESSION #
17240316

 

Related Articles

  • THE IMPACT OF GLOBALIZATION ON HOUSING IN NIGERIA. Mosaku, T. O.; Kuroshi, P. A. // International Journal for Housing Science & Its Applications;2009, Vol. 33 Issue 3, p173 

    The world has become a global village. Culture, attitude, and the entire social structure of a nation have all been influenced one way or the other by this phenomenon. These changes are manifest in many ways especially as regards what we do and how we do what we do. This paper examines and...

  • Global Democratisation and Capitalism: Discovering the Third World States in the Era of Limited State and Unlimited Quest. Amusan, Lere; Oyewole, Samuel // Canadian Social Science;2012, Vol. 8 Issue 5, p50 

    The complexity of democratisation has mystified the reality of the Third World States (TWS) democracy. Accountability inherent in market democracy is dual and the compliance of government in this spectrum is important on ideological and political grounds. This work intends to contribute to the...

  • Firm Internationalization and Capital Structure in Developing Countries: The Role of Financial Development. Gonenc, Halit; de Haan, Daniel J. // Emerging Markets Finance & Trade;Mar/Apr2014, Vol. 50 Issue 2, p169 

    We investigate the relationship between internationalization and the level of debt financing for more than 18,000 firm/year observations from thirty-one developing countries in the period 1991-2006. We argue that this relationship can be affected by both country-level and firm-level factors. The...

  • NETWORK CLASSIFICATION ON THE BASIS OF FUNCTIONS THEY PERFORM AND ITS RELATIONSHIP WITH INTERNATIONALIZATION PROCESS OF SMEs IN DEVELOPING COUNTRIES--exploratory research on Pakistan. Seerat Fatima; Mujahid Ali; Sheraz Arif // Australian Journal of Business & Management Research;Nov2011, Vol. 1 Issue 8, p35 

    The purpose of this study is to classify the networks according to functions they performed, especially scrutinize their structures. The research concentrates on the influence of these functional networks on the internationalization process of small and medium sized companies (SME) in developing...

  • Global capital flows to the emerging-market economies: Qualitative and quantitative differences. Das, Dilip K. // Journal of Asset Management;Oct2010, Vol. 11 Issue 4, p244 

    This article focuses on the financial globalization of the emerging-market economies (EMEs) and the important differences across country groups in this regard, particularly the relative importance of different types of capital inflows and the pace of financial globalization. That the extent of...

  • Chapter 8: GLOBAL CAPITAL.  // Economist Economics;2006, p197 

    Chapter 8 of the book "Economics" is presented. It explores on the global capital and offers guides on how global financing integration can safely lift countries. It explained that the reasons why little capital flow from rich countries to poor countries are because workers in poor countries are...

  • To What Extent Does Investment in Human Capital Contribute to Physical Capital Growth? Jordaan, Johannes C.; Blignaut, James N. // Problems & Perspectives in Management;2005, Issue 2, p45 

    With globalisation and increasing information, technology, transfers between countries and human migration, one could have believed that economic performances of the different countries in the world would be levelled out, but the reality is that the gap between the developed countries and...

  • THE DARK SIDE OF GLOBALIZATION - IN CONTEXT OF INDIA. Supriya, Jha; Vidya, Yerneni // International Journal of Engineering & Management Sciences;2012, Vol. 3 Issue 1, p29 

    Globalization is the new buzzword that has come to dominate the world since the nineties of the last century with the end of the cold war and the break-up of the former Soviet Union and the global trend towards the rolling ball. The frontiers of the state with increased reliance on the market...

  • Self-destructive capitalism. Bunting, Madeleine // CCPA Monitor;Nov2008, Vol. 15 Issue 6, p2 

    The article focuses on the significant role played by neoliberal capitalism in improving the economic growth in Canada and the world. It views that developing countries worldwide have already experienced economic crisis that led to intolerable social disruption and hardship that can only be...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics