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Please explain dependency theory by applying it to a country.

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Dependency theory states that resources flow from underdeveloped countries to richer countries in a way that leaves the poor countries perpetually poor. Rich nations use financial leverage in terms of investment and loans in order to make sure that the poorer nations do their bidding. Even though poor nations may have minerals or the ability to produce crops, they are reliant on larger nations for the investment and infrastructure funding needed in order to develop these assets.

This situation existed in sub-Saharan Africa, as Britain, France, and Belgium extracted the mineral wealth of the continent for generations. The money was never invested back into Africa; rather, it was pumped into the European economy. Even after independence, many African nations were reliant on foreign aid and loans in order to prosper, meaning that they could not really choose their own paths in terms of diplomacy. Many Latin American nations were also at risk of defaulting on loans in the early 1900s; the...

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