Dependency theory argues that the economic exploitation of colonized nations did not stop with decolonization. Discuss in terms of Raul Prebisch’s theory. Dependency theory argues that the economic exploitation of colonized nations did not stop with decolonization. Discuss in terms of Raul Prebisch’s theory. Dependency theory argues that the economic exploitation of colonized nations did not stop with decolonization. Discuss in terms of Raul Prebisch’s theory.