Development, Structuralist and Dependency Economics

Schools concerned with why economies industrialize and grow, or fail to, particularly outside the advanced industrial core. Belongs here: Development Economics, the general study of growth and structural transformation in poorer economies; Latin American Structuralism, the Prebisch-led ECLAC tradition arguing that the terms of trade for primary-goods exporters tend to decline over time; Dependency Theory, which argues peripheral economies are structurally kept underdeveloped by their relationship to the industrial core; and World-Systems Theory, which extends dependency analysis into a single global core, periphery and semi-periphery system. Does not belong here: a general growth model with no structural or historical claim about the world economy's core and periphery, which groups under Neoclassical and Marginalist Economics.