Historic Form of Dependence

HISTORIC FORM OF DEPENDENCE There are leash historic forms of dependence 1)Colonial dependency: Trade export monopoly by the center or core state. 2)Financial industrial addiction: (Post Colonial area) The Hegemonic centers (Ruling, supreme, dominant) invest in poor states in raw material and agricultural products (Mines, Crops, etc) and all of the profit pleonastic repatriates to the hegemonic state. 3)Technical Industrial Dependence: MNC are investing in poor states and taking back all of the profit. The first dickens namely Colonial Dependence and Financial Industrial Dependence are also collectively known as exporting Economies. Some of there common characteristics are given bellow. 1) certified states produce raw material (Agri gloss, Gold, Silver, etc) and export it to dominant countries. The achievement totally depends on demand from hegemonic centers. 2)Rigid production culture prevails i.e. the dependent countries specialize in only those products which are inevitable by hegemonic centers. 3) export Economies have three main sectors a) merchandise Sector (mainly Agriculture sector) b)Complementary Sector (services such as to carry agriculture from farm to market). c)Subsistence sector (1. Provides labour for Export Sector, 2.

Shocks are absorbed) subsistence sector is based on work-income sharing and there is a high exploitation of labour. 4)All of the export wampum are spent on: a)Production Materials b)Luxury Items (Consumed by the capitalists OR by the well-off well-paid employees). c)Exploitation of Labour (minimum custom in subsistence sector) And third one i.e. Technological Industrial Dependence (MNCs Investment) has its own characteristics which are given bellow. 1)There is an wide pressure on export sector (Agriculture Sector), since foreign supersede is required for purchasing or importing industrial machinery 2)Fluctuations in Balance Of Payments (BOP) a)Adverse terms of trade (i.e. selling... If you want to live on a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.