ABSTRACT
Structuralist model of development and underdevelopment considers the less developed countries as being beset with institutional and structural economic rigidities, and caught up in a dependence-dominance relationship with the developed countries. The economic backwardness may be due to the direct consequence of structural causes or may be caused by the structural distortions as a result of harmful international relations. The accumulation of capital in such a situation is characterised by many types of dichotomies in production, distribution, wage level and so on. A dependent type of development is associated with unequal and combined character of international capitalist economic relations, with technological and financial control, with balance of payments deficits and also with the disturbance of the economic policies of domestic state. Capitalist process does sometime lead to some salutary effects on the growing economy of a new country.
