The paper "External Factors and the Failure of the Society to Achieve Economic Growth - Asia" is a great example of macro and macroeconomics coursework. Countries have dependent on each other for their development despite the challenges that the developing countries have experienced in this sharing. The dependency of these countries has been affected by the relationships that the countries have shown towards each other for decades (Ferraro, 2008). The development within Asian countries has greatly been influenced by the support that the States within the collaboration have towards each other. The development within the countries despite the collaboration has been greatly influenced by export-orientation and transnational investments with the biggest part of the influence being from the United States of America an idea that has greatly affected and criticized the understanding of the premises of the theory of dependency (Inglehart and Welzel, 2009).
This paper provides the correlation that exists between the external factors and the failure of the society to achieve economic growth within the social set up with the context being on the Asian countries. It then proceeds to prove that the Asian countries primarily developed due to the export-orientation and transnational investments through the help of the political understanding and helping of the entire community and dependency going contrary to the premises of the theory of dependency.
It greatly shows the role that dependency has on the development and the success of the countries in relation to the level of dependency that the country expresses through with a keen interest in the life of the entire community. Different debates and arguments regarding the dependency theory are put forward in ensuring that the efficiency of the theory in social development is discussed.
It shows that the dependency premises have resulted in the existence of poor communities and societies as well as countries which need to be evaluated to ensure success in implementation. Correlation of the dependency theory between external factors and the failure of a society From the theory, it is argued that the developing countries or the poor societies only benefit from small aspects of their resources which they export to different states. The argument is that despite the resources being produced within the poor countries, the refining and the manufacturing of the products take place in the developed countries which later became expensive and generate too much profit than the initial capital (Adams, 2009).
For example, when a country mines a resource and it has low capital or capability to process the product, it would export the product to the developed country for the refining. It is at the time of export that the product is sold at a cheaper price and the country or society cannot use the resource developed form the sale to develop.
Once the product is manufactured, it is sold back to the society or the community at expensive terms which only benefits the community. The dependency aspect in this case only motivates the development of the diverse countries, not the poor community (Lacher and Nepal, 2010). The sale of primary products earns the father countries little capital which cannot be used to afford the imports for the products in the same countries maintaining poverty in the same countries.