World-System theory of Wallerstien based on the assumption that a particular country’s internal development may only be understood with reference to the position it occupies, or the role it plays, in the modern world system as a whole. He traced the historical development of capitalism, by focusing on the insurgence and functioning of an international … Read more

The important group of theories within the Marxist framework is those of the neo-Marxists such as A.G.Frank, Wallerstein and Samir Amin. By the late sixties, the US led mission to modernise the Third World and guide it towards liberal capitalist democracy was increasingly challenged by economic nationalism in Latin America, Africa and Asia. Under these … Read more

The basic premises of the Marxist conception of development have their roots in Marx’s analysis of capitalist mode of production in the West, and its consequences in the former colonial countries. Marxist analysis of social change and development has faith in the principle that actual working of any development strategy is fundamentally influenced by the … Read more

The politico-economic conditions at the global level underwent a considerable change in the seventies of the Twentieth Century. At the outset of Cold War, it was widely assumed in US government and academic circles that poverty in the Third World facilitated the spread of international communism. The assumption on the part of Western countries and … Read more