At the end of World War II, several Latin American countries seemed to be ready for industrialization and self-sustaining economic growth. Instead, they found that they had exchanged old forms of political and economic dependence for a new kind of dependency on the international capitalism of multinational corporations. In the much-acclaimed original Spanish edition (Dependencia y Desarrollo en América Latina) and now in the expanded and revised English version, Cardoso and Faletto offer a sophisticated analysis of the economic development of Latin America. The economic dependency of Latin America stems not merely from the domination of the world market over internal national and "enclave" economies, but also from the much more complex interact ion of economic drives, political structures, social movements, and historically conditioned alliances. While heeding the unique histories of individual nations, the authors discern four general stages in Latin America's economic development: the early outward expansion of newly independent nations, the political emergence of the middle sector, the formation of internal markets in response to population growth, and the new dependence on international markets. In a postscript for this edition, Cardoso and Faletto examine the political, social and economic changes of the past ten years in light of their original hypotheses.

Seminar paper from the year 2006 in the subject Politics - Region: Middle and South America, grade: 2,0, University of Münster (Politikwissenschaft), language: English, abstract: “Dependence is dead, long live dependence and the class struggle” thus the title of an article by the dependency theorist André Gunder Frank, published in 1974 in Latin American Perspectives. Indeed, it has often been stated that dependency theory has lost its significance in explaining underdevelopment and has thus been “relegated to footnote status in the field of development studies”. Yet, in recent years, a lot of scholars have attempted to refute this statement, claiming that dependency theory still has its use in development studies, even though they have identified a number of flaws. Emerging in parallel with other development theories in the 1950s, dependency theory mainly focuses on Latin America, the most important authors being Prebisch, Furtado, dos Santos, Frank and finally Cardoso and Faletto, whose theory this paper concentrates on. Most of the different approaches within dependency theory share several Marxist core assumptions, such as the construction of base (means and relations of production) and superstructure (the political, cultural and social consequences of these means and relations of production). On the international level, all politics, whether external or domestic, takes place within the framework of the capitalist world economy which determines the behavior of actors as well as patterns of interaction between them. In this paper, the question of whether dependency theory as presented by Fernando Henrique Cardoso and Enzo Faletto is still useful in explaining underdevelopment will be examined considering as example the events occurring in a typical example of an underdeveloped Latin American economy – Bolivia. The election of the left-wing populist Evo Morales potentially represents a paradigm shift for one of the poorest Latin American countries – a shift away from the neoliberal ideology towards a still capitalist regime with a socialist flavor to it (if one is to believe the declarations of Morales’s vice president Alvaro García Linera). Applying Cardoso and Faletto’s approach to the case of Bolivia reveals its strengths, but also some methodological as well as textual weaknesses. In order to show this, the first section will present their theory as exhibited in their publication Dependency and Development in Latin America and in an article published by Cardoso in the New Left Review in 1972. The second section focuses on the events in Bolivia, pointing at strong and weak points of the approach. Section four concludes.

Upon its publication in 1989, this was the first systematic and comprehensive analysis of the Latin American School of Development and an invaluable guide to the major Third World contribution to development theory. The four major strands in the work of Latin American Theorists are: structuralism, internal colonialism, marginality and dependency. Exploring all four in detail, and the interconnections between them, Cristobal Kay highlights the developed world’s over-reliance on, and partial knowledge of, dependency theory in its approach to development issues, and analyses the first major challenges to neo-classical and modernisation theories from the Third World.

This book offers an assessment of Dependency Theory and discusses its relevance and renewal in light of the current political reality of Latin America.

This book offers a discussion of the origins of Latin American dependency theories and their implications for contemporary social theory. The book explores the conditions of emergence of this intellectual movement, the trajectories of some of its main formulators, as well as the circulation of their ideas, their reception in other contexts, and their influence on other theoretical formulations and problems of the present. The book is aimed at social scientists interested in broadening the scope of social theory towards the Global South, in processes of knowledge circulation between central and semi-peripheral regions, as well as in understanding the problems of dependency, modernisation, and development processes in Latin America. The book can be used both as an introduction to these themes and to delve deeper into specific issues.

This book contributes to the current revival of dependency approaches for the analysis of global capitalism. Reflecting on contemporary uses of the “Dependency Research Program” (DRP) and a refined analytical toolkit, it makes two distinctive contributions to this revival: the analysis of new “situations of dependency”, and the understanding of the “mechanisms of dependency”. The individual chapters draw from a wide range of cases and data from Latin America and Europe and imbricate concepts and ideas from the DRP with those of other approaches, from post-Keynesian economics to structural economics, institutional economics, regulation theory, comparative capitalisms, business politics, economic geography and critical finance studies, providing a rich array of possibilities for virtuous inter-disciplinary cross-fertilization. This volume is a valuable contribution for those interested in understanding how global capitalism works in Latin America, Europe and beyond.