HomeInternational News How can you apply the Karl Marx’s dependency theory in explaining poverty in Tanzania? International News How can you apply the Karl Marx’s dependency theory in explaining poverty in Tanzania? سحرلیہ December 08, 2023 0 Karl Marx's dependency theory offers insights into the systemic causes of poverty in Tanzania. Firstly, the country's reliance on foreign investment and trade makes it vulnerable to external economic fluctuations. This dependency can lead to a situation where global economic forces disproportionately impact Tanzania's economy, potentially resulting in income disparities and poverty. The unequal power dynamics inherent in these economic relationships may contribute to the exploitation of Tanzania's resources and labor.Secondly, the global economic system often perpetuates structures that favor developed nations, leaving developing countries like Tanzania at a disadvantage. This structural inequality can hinder the nation's ability to generate sustainable economic growth and reduce poverty. Additionally, the extraction of natural resources without fair compensation or equitable distribution of benefits may exacerbate poverty, as the gains from these resources may not reach the broader population.Thirdly, within Tanzania, class divisions may be influenced by external economic factors. The elite class, often aligned with global economic interests, may benefit more from foreign investments, leaving the lower socioeconomic classes marginalized. This further entrenches poverty as wealth and opportunities are concentrated in the hands of a few. Lastly, the dependency theory underscores the importance of examining the historical context of Tanzania's economic relationships to understand how they have shaped the current state of poverty. Analyzing these dynamics through a Marxist lens provides a framework to address structural issues and work towards a more equitable distribution of resources and opportunities in the country. Tags International News Newer Older
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