Economics · Economy
Which of the following strategic policy prescriptions is explicitly proposed by Dependency Theory to overcome economic underdevelopment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Harnessing comparative advantage by specialising in goods with lower opportunity costs and engaging in free trade
- 2Promoting simultaneous, proportionate investments across all sectors to ensure mutually reinforcing demand
- 3Delinking from the global economic system and aggressively pursuing import substitution industrialisation✓
- 4Relying on foreign aid, capital investment, and rapid modernisation to progress linearly through universal historical stages
Correct answer
Delinking from the global economic system and aggressively pursuing import substitution industrialisation
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