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Paul Baran and Andre Gunder Frank are the originators of the concept of economic underdevelopment and it popularized during the late ‘60s. This is also known as the Baran-Frank thesis. The summary of the thesis was that industrialized rich nations obstruct or delay the development of poor nations by the help of policies and interventions designed to protect their global dominance over world trade and power. One of the main points the thesis layout is the concept of ‘the development of the underdevelopment'.

What it is?

The concept of ‘development of underdevelopment' is actually a process where several countries have made development by exploiting resources causing underdevelopment in many countries. The process started by the European nations in the early 16th century by colonizing much of world with their superior military equipments derived from the countless wars in Europe. This colonization has lasted until the very end of 20th century.
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Approximate Pages: 4 (250 words per double-spaced page)

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