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What concept refers to a global economy in which multinational corporations benefit from cheap labor and exploitable resources in lowgreater than in rich nations. The concept of "neocolonialism" refers to the process by which. multinational corporations dominate the economy of a poor country. Modernization theory was created as a criticism of U.S. foreign policy.
Which theories focus on the exploitation of lowDependency Theory
It states that global inequality is primarily caused by core nations (or high-income nations) exploiting semi-peripheral and peripheral nations (or middle-income and low-income nations), which creates a cycle of dependence.
Which theory focuses on the way that multinational corporations headquartered in core nations exploit the local workers in their peripheral nation factories?Dependency theorists explain global inequality and global stratification by focusing on the way that: core nations and peripheral nations exploit semi-peripheral nations.
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