Caribbean Dependency School (Plantation Theory)

3. Poorer, "underdeveloped countries" who export their raw materials to wealthier countries.
5. "a situation in which the economy of another country is conditioned by the development and expansion of another economy to which the former is subjected (Dos Santos 1970, 231)
7. Wealthy, industrialized countries who take raw materials from "lesser developed countries at cheap rates and sell them manufactured goods at higher prices.
9. Argentinian economist considered to be a pioneer of Dependency thought, executive director of the UN's Economic Commission for Latin America
11. A theory members of the Dependency School sought to critique.
12. Like the planters, these modern companies exploit the resources and labour of Global South Countries without considering their long-term development needs.

1. Author of "Europe Underdeveloped Africa", member of the Dependency School
2. Author of "Persistent Poverty", responsible for plantation theory.
4. Reliance on the large scale production of a single export.
6. Framework for understanding the structural dynamics of economies that were historically based on plantation agriculture
8. Caribbean country that may not be appropriately benefitting from their oil-revenues, instead, international firms receive a large share of the profits.
10. Led to the development of the plantation system, which contributes to underdevelopment in the Caribbean to this day