Theories Of "third World" Development
In their quest for a new world order, Third World governments found measured support among radical academics who elaborated and drew from dependency and center-periphery frameworks to critique the basic tenets of modernization paradigms of development and underdevelopment. To these scholars, largely inspired by Marxism, the price of the development of the First World was the subjection to exploitation and dependency (or underdevelopment) that First World states and actors had brought to bear on the Third World through imperialism, colonialism, and globalization. Under the global capitalist system, the Third World can only play second fiddle to the real global decision-makers. This perspective explains both Third World economic underdevelopment and stalling democracy essentially in terms of the assimilation and exclusion logic of global capitalism, according to which only the handful of powerful economic elites in the Third World stand to benefit from its internalization and reproduction.