Theotônio dos Santos in the context of "Third World"

⭐ In the context of the Third World, Theotônio dos Santos is considered a key figure in the development of what economic theory?

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⭐ Core Definition: Theotônio dos Santos

Theotônio dos Santos Junior (11 November 1936 in Carangola – 27 February 2018 in Rio de Janeiro) was a Brazilian economist. He was one of the formulators of the Dependency Theory and supported the World-System theory.

Dos Santos had a bachelor's degree in sociology and politics in public administration from the Federal University of Minas Gerais and a master's degree in political science from the University of Brasília. He received the title of notório saber (equivalent to a doctorate) in economics from the Federal University of Minas Gerais and the Fluminense Federal University, at the latter of which he was Professor Emeritus. He coordinated for both the UNESCO Chair in Cultural Policies and Cooperation and the United Nations University in global economy and sustainable development.

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👉 Theotônio dos Santos in the context of Third World

The term Third World arose during the Cold War to define countries that remained non-aligned with either NATO or the Warsaw Pact. The United States, Canada, Japan, South Korea, the Southern Cone, Western European countries and other allies represented the "First World", while the Soviet Union, China, Cuba, North Korea, Vietnam, and their allies represented the "Second World". This terminology provided a way of broadly categorizing the nations of the Earth into three groups based on political divisions. Due to the complex history of evolving meanings and contexts, there is no clear or agreed-upon definition of the Third World. Strictly speaking, "Third World" was a political, rather than economic, grouping.

Since most Third World countries were economically poor and non-industrialized, it became a stereotype to refer to developing countries as "third-world." In political discourse, the term Third World was often associated with being underdeveloped. China was labeled "Third World" for several decades in the 20th century before its robust development of the 21st century. Some countries in the Eastern Bloc, such as Cuba, were often regarded as Third World. The Third World was normally seen to include many countries with colonial pasts in Africa, Latin America, Oceania, and Asia. It was also sometimes taken as synonymous with countries in the Non-Aligned Movement. In the dependency theory of thinkers like Raúl Prebisch, Walter Rodney, Theotônio dos Santos, and others, the Third World has also been connected to the world-systemic economic division as "periphery" countries dominated by the countries comprising the economic "core".

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