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The success and failure of dependency theory: the experience of Ghana

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  • Ahiakpor, James C. W.

Abstract

Dependency theory is a set of ideas with a strong potential for influencing policy actions in the Third World. Originally developed during the late 1960s to explain the problems of development in Latin America by scholars working in that region, the theory has attracted a great deal of attention both in the literature and in Third World countries. Though the logical consistency and empirical validity of the theory have been questioned, evidence about the influence of dependency theory on the economic policies of specific countries has been scant. In this article I provide some such evidence. I also evaluate the potential for devising viable economic policies within the theory.

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  • Ahiakpor, James C. W., 1985. "The success and failure of dependency theory: the experience of Ghana," International Organization, Cambridge University Press, vol. 39(3), pages 535-552, July.
    • Handle: RePEc:cup:intorg:v:39:y:1985:i:03:p:535-552_01
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    Cited by:

    1. Muhanji, Stella & Ojah, Kalu, 2016. "Governance infrastructure and indebtedness of African countries: Do regional blocs matter?," The North American Journal of Economics and Finance, Elsevier, vol. 36(C), pages 123-153.
    2. Arthelo P. PALMA, 2016. "Truth Behind Economic Performance, Natural Resources and Attracting Foreign Direct Investment," Expert Journal of Economics, Sprint Investify, vol. 4(2), pages 68-77.
    3. Ali, Amjad, 2022. "Determining Pakistan's Financial Dependency: The Role of Financial Globalization and Corruption," MPRA Paper 116097, University Library of Munich, Germany.
    4. Maximilian Terhalle, 2019. "The 1970s and 2008: Theorizing Benchmark Dates for Today’s Decentred Global Order," International Studies, , vol. 56(1), pages 1-27, January.
    5. Ali, Amjad & Audi, Marc, 2023. "Analyzing the Impact of Foreign Capital Inflows on the Current Account Balance in Developing Economies: A Panel Data Approach," MPRA Paper 118173, University Library of Munich, Germany.
    6. Stacy L. Denny, 2021. "Edutocracy: A Model of the New West Indian Plantocracy in Barbados," SAGE Open, , vol. 11(2), pages 21582440211, June.

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