ABSTRACT
This chapter focuses on the writings of Dadabhai Naoroji and Raúl Prebisch and highlights how these thinkers from the two outposts of modernity understood and theorized underdevelopment. In contrast to mainstream economics, which has always harped on the benefits of free trade and global integration, we shall show how these two intellectuals emphasized the mal effects of global integration and, in the process, forwarded a complex and holistic analysis of the problems confronting their countries. The chapter highlights how these thinkers asserted the centrality of global imperialism and compares how they theorized the inter-linkages between global forces and the local institutional/structural characteristics of their respective countries.
