Do you agree that rich countries have systematically impover

Do you agree that rich countries have systematically impoverished low-income countries, making poor nations dependent on rich ones? Why or why not?

Solution

Yes. Here we explains the idea of dependency to understand the above informations.

Dependency theory

The dependency theory explains that global poverty atleast partially be attributed the fact that the low income countries have been exploited by the higher income countries. According to dependency theorist, After the world capitalism, the rich countries are always impoverished low income countries and their people. We know that the economic growth is key to economic development. When economic development is happend the income and standered of living of the peoples are increased.

When the low income countries are trapped the dependency on the richer nations then they have loss their entire economic control.