had been conditioned by the incorporation of the region into the capitalist mode of production. Development and underdevelopment are seen in terms of dependency theory as part of the same process and not as separate entities. Dependency theory was fashioned to explain the patterns of development in Latin America and held that this development had been conditioned by the incorporation of the region into the capitalist mode of production. The dependency of the Third World on the developed capitalist nations involves an interaction that explains the economic and social-class formations that have emerged in places like Latin America and also the structure of trade, technology, and investment between the developed and the developing world (Topik 554-555).
The arrival of Europeans in different parts of the world signaled
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