2a.4 - Speaking Frankly

What does Frank's dependency theory explain?

• The processes contributing to globalisation

• How and why countries develop over time

• The success of different approaches to development

• How modernisation theory is superior to other theories

What can vary in type and success, in the context of development?

• Theories of global inequality

• Approaches to development

• Dependency theories

• Modernisation theories

According to A.G. Frank, what are the two types of countries in the world economy?

• Developed and developing

• Eastern and Western

• Core and periphery

• Rich and poor

What is the core known for in the context of A.G. Frank's dependency theory?

• Exporting low value primary products

• Being critical of capitalism

• Exporting high value manufactured goods

• Being exploited by the periphery

What does A.G. Frank believe the core does to maintain its advantage?

• It supports the periphery with financial aid

• It manipulates world trade to its advantage

• It imports high value goods from the periphery

• It promotes free trade without restrictions

What is the periphery characterized by according to A.G. Frank's theory?

• Exporting high technology products

• Being richer than the core

• Exporting primary products that are low in value

• Manipulating trade rules

Which of these is a criticism of capitalism?

• It benefits all countries equally

• It makes the periphery richer at the expense of the core

• It makes developed countries rich at the expense of developing countries

• It promotes free trade and equality

According to the text, what is a criticism of world trade?

• It only benefits socialist countries

• It only benefits developing countries

• It only benefits rich countries

• It benefits all countries equally

How did the structure of core and periphery countries emerge?

• Through the establishment of the World Trade Organization

• During the industrial revolution

• During the colonial period

• After the end of the Cold War

What unintentional role does the World Trade Organization play according to the text?

• It unintentionally promotes socialism

• It unintentionally facilitates exploitation

• It unintentionally balances trade between core and periphery

• It unintentionally supports only the periphery countries