The rise of a transnational capitalist class, transnational state, rising global police state, and globalized production and financial system are traits of global capitalism theory.
At a simplistic level, the relationship between population growth and per capita income growth is clear. Finally, per capita income equals total income divided by population. Per capita income growth is roughly equal to the difference between income growth and population growth.
Technological gaps exacerbate existing economic inequalities, making it increasingly difficult for poor countries to participate in the financial system on an equal footing with rich countries.
Dependency theory states that colonialism and neocolonialism created unequal economic relations between poor and wealthy countries. Example – Brazil is an example of a country that is still dependent on foreign countries despite its rapidly growing economy.
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