Dependency Theory After Fifty Years is an insightful and timely
review of dependency theory, its strengths, weaknesses, and how to
reinvent the concept for the modern day. Dependency theory as a
framework initially included distinct forms of Marxism, liberalism,
and developmentalism that should be differentiated, despite sharing
the same name. In this important intervention, renowned scholar
Claudio Katz argues that, while the concept has fallen out of
favor, its postulates are being proven more and more true by
present-day events. In Latin America, for example, the effects of
dependency are more acutely felt than in the past, making it
imperative to understand the logic of the region's peripheral
subordination. In Dependency Theory After Fifty Years, Katz shows
that in its original form Dependency Theory is incapable of
providing a convincing explanation of contemporary reality; it must
be updated to interpret the current modalities of dependent
capitalism. This book offers analytical clues to beginning that
reinvention. Recipient of the Libertador Prize for Critical Thought
(2018).
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