Economics · Dependency Theory
Consider the following statements regarding Dependency Theory: A. Raúl Prebisch and Celso Furtado argued that exporting low-value raw materials and importing high-value goods entrenches poverty in developing countries. B. They believed flooding a primary-product economy with foreign capital would naturally resolve economic imbalances. C. Without pro-development policies, foreign investors tend to seek quick profits in resource-based sectors. Which option is correct?
- 1All A, B, and C are correct
- 2Only A and C are correct✓
- 3Only B and C are correct
- 4Only A and B are correct
Correct answer
Only A and C are correct
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