Summary of development of underdevelopment
It was because the structural problem had not been resolved and the temporary solution of the problems through the inappropriate policies had further aggravated the problem, thus paving the way for the next recession.
Development was defined along with the pre-defined steps and the pace in which the traditional sectors were replaced by the modern ones He believed, equity comes beforehand than efficiency in economics and he considered the political change as the basic ingredient for the development.
Further, most studies of development and underdevelopment fail to take account of the economic and other relations between the metropolis and its economic colonies throughout the history of the world-wide expansion and development of the mercantilist and capitalist system.
However, this hegemony is temporary and will end soon with west ward shift of the hegemony back to Asia. Then this spread elsewhere in the world. The recession has been more devastating each time and the recent financial crisis of was the most devastating.
According to Frank, development thinking emerged as an instrument of post war American hegemony and has defined it as the child of neo-imperialism and neo-colonialism which was the strategy of U.
A related and also largely erroneous view is that the development of these underdeveloped countries and, within them of their most underdeveloped domestic areas, must and will be generated or stimulated by diffusing capital, institutions, values, etc. The biggest minorities are women who though do much of the world productive activities lag far behind.
The development of underdevelopment
In regard of Latin America there was no hope left. Underdevelopment is a result of their relationship with the developed societies. Underdevelopment, dependency and world system are the names of the same theory. This relationship is found not only between the rich metropolitan countries of the West and the poor satellite countries of the world but within a country too where the hinterland supplies to the city and is exploited by it. Each of the two parts is supposed to have a history of its own, a structure, and a contemporary dynamic largely independent of the other. However, it increased the foreign dependence through the foreign debts, as a neo-colonialist instrument. The societies were not incorporated into a system agfter but they had been there since the past. It was because the structural problem had not been resolved and the temporary solution of the problems through the inappropriate policies had further aggravated the problem, thus paving the way for the next recession. Figure 1. Evident inequalities of income and differences in culture have led many observers to see "dual" societies and economies in the underdeveloped countries. Frank is convinced that neither developed nor undeveloped societies reveal the characteristics suggested by Hoselitz or, for that matter, by Parsons. In a brief summary of the book I will explore why Rigoberta Menchu is important to Guatemalan development, what she did, and how she helped her people overcome the obstacles thrown their way. Real world system evolution is not responsible to the global or local development policy.
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