Hermeneutics of Third World and Dependency Syndrome

There has been an outcry by the dependency theorists that third world and developing nations’ dependency and backwardness were as a result of their integration and inter-course with the highly industrialized, capitalist and international global market economy. Using the method of hermeneutics, the paper investigates whether the dependency and backwardness were as a result of the integration of the Third World Nations into global market economy or is it psychological? The paper encapsulates the following: introduction, classification of the World, dependency theory, history of dependency theory, third world and dependency syndrome, hermeneutics of Third World and dependency, recommendation and conclusion. Among other recommendations made, the paper affirms the philosophy of depsychologization of the Third World’s mind. The depsychologization is the freeing of the minds of third world from the clog of dependency considerably. It frees their mind psychologically, educationally, economically and socio-culturally. The foundation for the freeing is going back to the dignity of human person, whom naturally and intrinsically has independence. The independence to think and make rational decision could change the third world so called dependency to independence, self-actualization and realization in the global market economy.