"Capitalism and the Third World" aims to provide a comprehensive assessment of dependency and world systems scholarship, and questions whether such theories offer a scientific basis for the study of international relations. Wil Hout compares the theories of dependency and world systems with their theoretical predecessors and competitors. In the first part of the book, comparisons are made with traditional economic and neo-Marxist theories of imperialism, the liberal theory of international free trade, Prebisch's structuralism and modernization theories. The second part analyzes the writings of Andre Gunder Frank, Samir Amin, Johan Galtung and Immanuel Wallerstein, and tests three causal models derived from the writings of these scholars using quantitative macro-political and macro-economic data. This study may be used for courses on international political economy and development economics and should be of particular interest to those studying the political economy of North-South relations.