CSCS Courseware

Dear Gita

Please post queries and comments on the discussion forum of the related paper. I almost didnt notice your posting on the general forum!

Deshpande has indeed assumed out knowledge of these terms. But here is a provisional explanation (am attaching links for you to read up more if you want a moredetailed explanations)

Dependancy theory: the common perception within the discipline of economics (the neo classical theory) assumed that once the rich countries grew richer, the economic benefits would 'trickle down' to the poorer countries. But this was not happening. What was actually happening was that the disparity between the rich countries and the poor countries was growning. Keynes had already dictated that 'a country is poor because it is poor' and so in the 1950s two Latin American economists submitted a hypothesis which is now known as the 'Dependency theory'. For more on this read: http://www.mtholyoke.edu/acad/intrel/depend.htm

World Systems theory: a theory of which the major proponent is I. Wallerstein claims that there are unified 'world systems' that can explain the entire economic and political situation of the world at large in a single theory. It proposes that Globalization is the process, completed in the twentieth century, by which the capitalist world-system spreads across the actual globe. Since that world-system has maintained some of its main features over several centuries, globalization does not constitute a new phenomenon. At the turn of the twenty-first century, the capitalist world economy is in crisis therefore the current "ideological celebration of so-called globalization is in reality the swan song of our historical system" (I. Wallerstein, Utopistics, 1998: 32). For more:http://www2.pfeiffer.edu/~lridener/courses/WORLDSYS.HTML