Get premium membership and access questions with answers, video lessons as well as revision papers.
Neo-Marxist theory of economic development extends the Malthusian theory to encompass the international dimension of the role of capital in economic development. It maintains that the international capitalist system which has led to great inequality between the rich and the poor countries has increased the dependency of the less developing countries on the industrial capitalist countries for their basic economic and development roles.
Perversely, this has resulted a large transfer of capital and other resources from the poor to the rich countries. Thus, this phenomenon of international dependency is the major cause of worsening inequalities and resulting hunger and disease in many LDCs.
In order to alleviate these problems confronting the LDCs, it is necessary in view of Neo -Marxist theory to restructure the world capitalist system on a major scale.
The restructuring would transform the relationship between the rich and the poor countries and could well promote independency and self-reliance development efforts based on upon the LDCs own based resource endowment, market and technology.
Dullayo answered the question on May 12, 2018 at 09:56
- Collective bargaining offers many advantages to employers, workers and society at large. Explain the importance of collective bargaining.(Solved)
Collective bargaining offers many advantages to employers, workers and society at large. Explain the importance of collective bargaining.
Date posted: May 11, 2018. Answers (1)
- Discuss FIVE roles of industrial sector in economic development of a nation(Solved)
Discuss FIVE roles of industrial sector in economic development of a nation.
Date posted: May 11, 2018. Answers (1)
- Briefly explain SIX characteristics of money(Solved)
Briefly explain SIX characteristics of money.
Date posted: May 11, 2018. Answers (1)
- Explain the different preferences for risks by individual farmer(Solved)
Explain the different preferences for risks by individual farmer.
Date posted: May 11, 2018. Answers (1)
- Briefly define the term ' trade union' and explain why do workers join a trade union?(Solved)
Briefly define the term ' trade union' and explain why do workers join a trade union?
Date posted: May 10, 2018. Answers (1)
- Explain FOUR factors affecting the size of a National Income.(Solved)
Explain FOUR factors affecting the size of a National Income.
Date posted: May 10, 2018. Answers (1)
- Explain five factors which determine the productivity of labour(Solved)
Explain five factors which determine the productivity of labour.
Date posted: May 9, 2018. Answers (1)
- Briefly describe four theories used to determine wages of labourers(Solved)
Briefly describe four theories used to determine wages of labourers.
Date posted: May 9, 2018. Answers (1)
- Explain the reasons for studying International Economics(Solved)
Explain the reasons for studying International Economics
Date posted: May 9, 2018. Answers (1)
- Outline the assumptions of Economic Order Quantity (EOQ)(Solved)
Outline the assumptions of Economic Order Quantity (EOQ).
Date posted: May 8, 2018. Answers (1)
- Outline methods used to derive Economic Order Quantity (EOQ)(Solved)
Outline methods used to derive Economic Order Quantity (EOQ).
Date posted: May 8, 2018. Answers (1)
- Outline the types of inventory control system.(Solved)
Outline the types of inventory control system.
Date posted: May 8, 2018. Answers (1)
- Outline objectives of inventory control(Solved)
Outline objectives of inventory control
Date posted: May 8, 2018. Answers (1)
- Discuss the impact of agricultural activities on environmental degradation(Solved)
Discuss the impact of agricultural activities on environmental degradation.
Date posted: May 6, 2018. Answers (1)
- Discuss causes of market failure in environmental economics(Solved)
Discuss causes of market failure in environmental economics.
Date posted: May 6, 2018. Answers (1)
- Explain the reasons why commercial banks prefer to lend Short-term loans(Solved)
Explain the reasons why commercial banks prefer to lend Short-term loans.
Date posted: May 6, 2018. Answers (1)
- Discuss various goals of an economic policy(Solved)
Discuss various goals of an economic policy.
Date posted: May 6, 2018. Answers (1)
- State six uses of ratios(Solved)
State six uses of ratios
Date posted: May 3, 2018. Answers (1)
- Outline four critical issues which must be noted when carrying out trend and industrial analysis(Solved)
Outline four critical issues which must be noted when carrying out trend and industrial analysis
Date posted: May 3, 2018. Answers (1)
- Describe the classifications of financial ratios.(Solved)
Describe the classifications of financial ratios.
Date posted: May 3, 2018. Answers (1)