Enclave economy

An enclave economy is defined as an economic system in which an export based industry dominated by international or non-local capital extracts resources or products from another country. It was widely employed as a term to describe post-colonial dependency relations in the developing world, especially in Latin America. As part of the larger theoretical position usually called dependency theory. It was particularly popular in the 1960s and 1970s, and other issues took center stage in development economics at later periods. It was often associated with Marxism, thanks to writing by Paul Baran and Theotonio Dos Santos, though its tenets are only peripherally tied to classic Marxist theory.