Crash Course Economics

Dependency Theory and Uneven Development with Ingrid Kvangraven

October 26, 2020 Ingrid Kvangraven Season 2 Episode 2
Crash Course Economics
Dependency Theory and Uneven Development with Ingrid Kvangraven
Chapters
0:00
Intro by Sara Murawski & Rodrigo Fernandez =
4:52
Introducing Ingrid Kvangraven
5:40
Ingrid Kvangraven talks starts
6:18
Dependency Theory, outdated or out of Fashion?
7:40
What is Dependency Theory?
11:42
Dependency Theory: Why did it go out of fashion?
22:08
Redefining Dependency Theory
26:06
How can it explain global inequality? (South Korea)
29:36
Indonesia, Global Value Chains
32:40
Unfashionable but not outdated
33:42
Recent works
34:50
Conclusions
37:00
Q&A: Politics of knowledge production & Ideology
40:18
Q&A: Monopoly capitalism
45:50
Q&A: Dependency Theory & agency in the Global South?
48:00
Q&A: Dependency Theory, Indigenous people, Race and Gende
49:35
Q&A: Delinking from the global capitalist system (Samir Amin)
53:23
Q&A: Following progress as modernisation, and statist development program
56:26
Q&A: The ecological question and climate change
57:40
Q&A: Decolonization, African states & ISI: Import substitution industrialisation
1:01:40
Q&A: Is dependency theory useful to read contemporary patterns Chinese, Lat am, African relations?
Crash Course Economics
Dependency Theory and Uneven Development with Ingrid Kvangraven
Oct 26, 2020 Season 2 Episode 2
Ingrid Kvangraven

In this episode of Crash Course Sara Murawski en Rodrigo Fernandez discuss Dependency Theory with Ingrid Kvangraven. How does dependency theory help us to formulate different answers to the problems developing countries face today. We try to understand what it is and why it has been lost in debates on the global south, after being dominant in the 70s and 80s.

Since the IMF and the world bank imposed their neo-liberal adjustment programs, development has become synonymous with attracting foreign direct investments (FDI) from multinational corporations. In this dominant worldview, developing countries need to focus on implementing policies (‘reforms’) that attract FDI at all cost. Success can be achieved by following the prescribed market-oriented changes that convert economic assets and activities in a potential tradable financial asset.

Dependency theory on the other hand departs from the opposite perspective. In this approach ‘underdevelopment’ is the result of a specific type of integration in a capitalist global economy that is uneven.

“Core countries benefit from the global system at the expense of periphery countries, which face structural barriers that make it difficult, if not impossible, for them to develop in the same way that the core countries did.”

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About Crash Course Economics
Crash Course is a platform designed to open up debate on how we can move out of the current crisis and make the necessary steps towards achieving social, economic, ecological and regenerative justice.

Crash Course is inviting global experts to break down complex issues in lay terms and make them accessible to all so that we can understand how to shape our economic system for a just recovery and future.

Website: https://crashcourseeconomics.org/
Newsletter: http://eepurl.com/g54ZMD
Podcast: http://podcast.crashcourseeconomics.org/
Twitter: https://twitter.com/CrashEconomics
Facebook: https://www.facebook.com/Crash-Course-113416687059951

Show Notes Chapter Markers

In this episode of Crash Course Sara Murawski en Rodrigo Fernandez discuss Dependency Theory with Ingrid Kvangraven. How does dependency theory help us to formulate different answers to the problems developing countries face today. We try to understand what it is and why it has been lost in debates on the global south, after being dominant in the 70s and 80s.

Since the IMF and the world bank imposed their neo-liberal adjustment programs, development has become synonymous with attracting foreign direct investments (FDI) from multinational corporations. In this dominant worldview, developing countries need to focus on implementing policies (‘reforms’) that attract FDI at all cost. Success can be achieved by following the prescribed market-oriented changes that convert economic assets and activities in a potential tradable financial asset.

Dependency theory on the other hand departs from the opposite perspective. In this approach ‘underdevelopment’ is the result of a specific type of integration in a capitalist global economy that is uneven.

“Core countries benefit from the global system at the expense of periphery countries, which face structural barriers that make it difficult, if not impossible, for them to develop in the same way that the core countries did.”

-

About Crash Course Economics
Crash Course is a platform designed to open up debate on how we can move out of the current crisis and make the necessary steps towards achieving social, economic, ecological and regenerative justice.

Crash Course is inviting global experts to break down complex issues in lay terms and make them accessible to all so that we can understand how to shape our economic system for a just recovery and future.

Website: https://crashcourseeconomics.org/
Newsletter: http://eepurl.com/g54ZMD
Podcast: http://podcast.crashcourseeconomics.org/
Twitter: https://twitter.com/CrashEconomics
Facebook: https://www.facebook.com/Crash-Course-113416687059951

Intro by Sara Murawski & Rodrigo Fernandez =
Introducing Ingrid Kvangraven
Ingrid Kvangraven talks starts
Dependency Theory, outdated or out of Fashion?
What is Dependency Theory?
Dependency Theory: Why did it go out of fashion?
Redefining Dependency Theory
How can it explain global inequality? (South Korea)
Indonesia, Global Value Chains
Unfashionable but not outdated
Recent works
Conclusions
Q&A: Politics of knowledge production & Ideology
Q&A: Monopoly capitalism
Q&A: Dependency Theory & agency in the Global South?
Q&A: Dependency Theory, Indigenous people, Race and Gende
Q&A: Delinking from the global capitalist system (Samir Amin)
Q&A: Following progress as modernisation, and statist development program
Q&A: The ecological question and climate change
Q&A: Decolonization, African states & ISI: Import substitution industrialisation
Q&A: Is dependency theory useful to read contemporary patterns Chinese, Lat am, African relations?