“Dependency Theory belongs to a school of thinking that is not isolated from world events but took shape immediately after Latin American disappointment that the commercial benefits guaranteed by...

“Dependency Theory belongs to a school of thinking that is not isolated from world
events but took shape immediately after Latin American disappointment that the
commercial benefits guaranteed by neoclassical theory failed to eventuate. Todaro
(2000, p. 91) believed that, according to international dependence patterns, Third World
countries are basically under the rule of the politics, institutions, and the economy of
the developed countries themselves or of other countries of the world that are controlled
by dominant wealthy countries”
 – critically explain how and why dependency theory emerged
and also explain the importance of world system theory in the field of international
and strategic relations?