The dependency school has come under critical assessment from Marxists and non-Marxists alike. This debate has been conducted at a general level, with both sides marshalling empirical evidence to support its own position. While it is necessary to have an idea of the general trend, it is, I believe, more fruitful to locate the discussion at a lower level, that is, in the historical context of specific countries. The possibility of capitalist development and industrialization in peripheral countries cannot be determined a priori. Its development is not simply subjected to the logic of capital. Other factors such as the geopolitics of capital, the process of capital accumulation and class formation internal to the country in question are equally relevant in determining the particular trajectory of capitalist development of a country.
