Criticisms of Dependency:
Hopelessly ridged (particularly Frank)
Insensitive to variations within the third world (corrected by Cardoso)
Degress of dependency. It is not Black and White
Belittles the real achievements of the third world (development of underdevelopment or extraverted development)
What is equal exchange?
Economic theory of Modernisation
Lewis. Dual Economy and Expanding Capitalist nucleus
Two economies in underdeveloped state (capitalist and traditional)
The key to achieving growth is expand capitalist sector