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For decades, the global economy has promised convergence. The message has been straightforward: open your markets, liberalise your trade, attract investment, and prosperity will follow. Yet many nations across the Global South (primarily Africa, Asia, Latin America, and Oceania) have followed this path and still find themselves burdened by persistent poverty, inequality, and dependence. To […]
The post Dependency theory and condition of the poor in developing world appeared first on The Business & Financial Times.
Source: thebftonline.com
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