Why has Marxism been so popular among Latin American intellectuals?

Topics: Immanuel Wallerstein, Economics, United States / Pages: 8 (2736 words) / Published: Oct 22nd, 2014
Latin America typically refers to the geographic areas on the American continent where languages derived from Latin are widely spoken such as: Portuguese in Brazil, and Spanish in most of Central America, South America, and parts of the Caribbean. The French-speaking parts of the Caribbean are sometimes included as well, but all mainland North American regions north of the Rio Grande are excluded in spite of French being widely spoken in Canada.
Dependency is associated with the economic development of a nation in terms of political, economic, and cultural influences on its policies. The point of dependency theory is to address mechanisms of national underdevelopment in many cases by examining the patterns of interactions between dominant and inferior states and call to attention that the inequality among nations is at the core of those interactions (Dos Santos). Although there are varied dependency theories for regions and nations all over the world, Latin America serves as a model for dependency theory in multiple 20th century economic studies (Ferraro).
The recurring theme of extraction of goods from a periphery, that is, Latin America to an industrialized core began with European colonization even though the US has now taken on a majority of that role. This position was secured through the migration of US corporations to Latin American countries where both the labor and the resources were cheap. Though it is true that they provided jobs for the masses, they did so at the expense of their workers. Latin America, without any refinement infrastructure to produce finished goods, continues to export mass amounts of raw materials and ship them off to developed nations (Bodenheimer). Eventually through trade, Latin America buys the goods made by the developed countries at a higher amount than their profit from selling the raw materials. This mechanism between core and periphery increases their disparity, thus preventing Latin America from establishing an equal

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