Question

Which of the following statement(s) is/are CORRECT?

• A. Andre Gunder Frank is criticizing the modernisation theories while analysing the dual economy model professed for Latin America
• B. Classical Marxism analyses colonial capitalism using the conceptual category of mode of production, while dependency theory analyses it through the category of unequal exchange and exploitation
• C. Although classical Marxism is critical of colonial capitalism’s exploitative role, it is also positive about its regenerative role in colonised societies
• D. The concept of dependence means the coloniser’s economy cannot survive without being linked to the economy of the colonised

Hint:

Be cautious when comparing theoretical frameworks—look for overlaps and nuances rather than rigid oppositions.

Answer 1

The Correct Option is A, B, C

Step 1: Analyzing Andre Gunder Frank's approach.

Frank critiques modernization theories and the dual economy model, suggesting that underdevelopment is not traditional but created through external economic linkages.

Step 2: Evaluating classical Marxism.

Classical Marxism critiques colonial capitalism but acknowledges its potential for triggering industrialization and class formation—hence its regenerative potential.

Step 3: Reviewing the dependency theory statement.

Statement (B) is inaccurate in this context since it oversimplifies both theories and creates a false binary. Classical Marxism also discusses exploitation, not just mode of production.

Step 4: Understanding dependence.

Statement (D) misrepresents the dependency concept, which typically focuses on the colonized being dependent—not the colonizer.