The structuralism approach to the dependency theory, led by Raul Prebisch, argues that the only solution for the countries in the periphery to overcome the economic development gap with the center is by investing in and developing that sector of the economy in which they have a comparative advantage. Therefore, the agricultural sector should be the leading economic activity to guarantee stable exports. Do you agree or disagree with statement? Why?

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The statement reflects some key aspects of the structuralist approach to development particularly associated with Raul Prebisch and the dependency the... View the full answer