What are the restrictions of dependency theory the, Ask an Expert

Economics

What are the restrictions of dependency theory?

The restrictions of dependency theory:

• Self sufficiency and import-substitution strategy mean the advantages of International trade are lost and welfare decreased;

• Arrangement leads to government failure;

• Lack of competition leads to decreased consumer choice and market failure.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9580085

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