Frank's Dependency Theory

• Andre Frank is an economist who believed rich depended on the poor and the poor depended on the rich. He disagreed with Rostow
• Franks Dependency Theory

  A) core

  B) semi-periphery

  C) periphery

  
• Core - Developed countries

  Periphery - Developing countries
• The periphery consists of areas which sell raw materials to the core
• The core represents the developed powerful nations like North America or Europe
• Frank believed that poorer countries are poor because they are weaker members of the global economy and their rules are decided by the wealthy
• Frank argued that the core exploits the periphery, as it has control over resources and markets.
• Franks theory was developed in the 1970s
• Frank believes that historical trade and neo colonialism is what makes countries poor
• neo-colonialism is the continued domination of a country by a more powerful country