Monday, December 23, 2019

Summary of Development of Underdevelopment - 1309 Words

The Development of Underdevelopment by Andrew Gunder Frank - A book Summary In his writing regarding underdevelopment of development, Andrew Gunder Frank has tried to illustrate the history of the development, underdevelopment, and the evolution of dependency to a world system theory. Finally he has come up with some alternatives and has tried to elaborate the new dualism and the recent movements in the world. 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.S. to hegemonies the semi-colonial countries. However, then the communist fear swept in the world with the Chinese and Cuban†¦show more content†¦A few floated in the surface and the vast were fart below it. The idea of one world system theory was propounded by Gorvachev where he focused that no society can be closed and no society can isolate itself from the world system which is being a single organism. The world system including its center-periphery, hegemony-rivalry, competition and the cyclical ups and downs has been evolving for five thousand years before. There has been always the competition for the leadership and hegemony and the core-countries temporarily enjoy it and eventually has to transfer to a new world power. The transfer of the hegemony has occurred through Asia, china Middle East, Europe, America, and now towards Japan and who knows may be to China. The five pillars of the world system is i) world system itself, ii)process of capital accumulation, iii)center-periphery structure, iv) alteration in hegemony and leadership, v) long and short economic cycles of the alternating ascending and descending phases. World system denies that the world system began in Europe and the rise of west was due to the European â€Å"exceptionalism† which incorporated the whole world in the capitalist model after 1500. Frank argued that the rise of west was the result of the decline in the east but west flourished form the riches of the east and specifically by using the gold and silver they pillaged from America. They hadn’t succeeded even in the most of 18th century butShow MoreRelatedModernization Theory Vs Dependency Theory1227 Words   |  5 Pagesexplanations towards underdevelopment, experts like David Brooks and Peter Hallward have described the natural disaster in Haiti to be brutally destructive primarily due to its poverty. With this said, by reducing the poverty level in countries such as Haiti, it is possible to avoid the many disasters that they face. Reducing poverty means that society must accept development. What is development and how can it be achieved? 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