Editing Dependency theory (section)

== Examples of dependency theory ==
Many nations have been affected by both the positive and negative effects of the Dependency Theory. The idea of national dependency on another nation is not a relatively new concept even though the dependency theory itself is rather new. Dependency is perpetuated by using [[capitalism]] and finance. The dependent nations come to owe the developed nations so much money and capital that it is not possible to escape the debt, continuing the dependency for the foreseeable future.<ref>{{Cite web|url=https://www.thoughtco.com/dependency-theory-definition-3026251|title=Definition and Examples of Dependency Theory|last=Crossman|first=Ashley|website=ThoughtCo|language=en|access-date=2020-02-21}}</ref>

An example of the dependency theory is that during the years of 1650 to 1900 European nations such as Britain and France took over or [[Colonization|colonialized]] other nations. They used their superior military technology and naval strength at the time to do this. This began an [[economic system]] in the Americas, Africa, and Asia to then export the natural materials from their land to Europe. After shipping the materials to Europe, Britain and the other European countries made products with these materials and then sent them back to colonized parts of the Americas, Africa, and Asia. This resulted in the transfer of wealth from these regions’ products to Europe for taking control of the products.<ref>{{Cite web|url=https://crushthecpaexam.com/accounting-glossary/what-is-dependency-theory/|title=Dependency Theory [Definition + Examples]|website=Crush The CPA Exam|language=en-US|access-date=2020-02-21}}</ref> 

Some scholars and politicians claim that with the decline of colonialism, dependency has been erased.<ref>{{Cite news|last1=Glennie|first1=Jonathan|url=https://www.theguardian.com/global-development/poverty-matters/2012/mar/01/do-not-drop-dependency-theory|title=Dependency theory – is it all over now? {{!}} Jonathan Glennie and Nora Hassanaien|date=2012-03-01|work=The Guardian|access-date=2020-02-21|last2=Hassanaien|first2=Nora|language=en-GB|issn=0261-3077}}</ref>  Other scholars counter this approach, and state that our society still has national powerhouses such as the United States, European Nations such as Germany and Britain, China, and rising India that hundreds of other nations rely on for military aid, economic investments, etc.<ref>{{Cite book|last=Ghosh|first=B. N.|editor1-first=B.N|editor1-last=Ghosh|url=https://www.taylorfrancis.com/books/9781315187389|title=Dependency Theory Revisited|date=2019-07-15|publisher=Routledge|doi=10.4324/9781315187389|isbn=978-1-315-18738-9|s2cid=141776092|language=en}}</ref>