Dependency

Dependency was a radical development theory emerging in Latin America in the 1960s as a counter to the US based modernization theory that sought to impose northern dominance after the end of formal colonialism. It was influenced politically by the Cuban Revolution on 1959 and by the structural economics of the Economic Commission of Latin America in the 1960s. While suffering from a certain methodological nationalism this current of thought was hugely influential and has seen a revival in recent years.