What Andre Gunder Frank's Theory of Underdevelopment and show whether or not the theory canexplain the state of development in many less developed countries to day?

Andre Gunder Frank's theory of underdevelopment asserts that the global capitalist system perpetuates the underdevelopment of certain regions, primarily former colonies. This is due to the exploitation of resources and labor by more developed countries. While Frank's theory can offer insights into the persistent inequalities and challenges faced by less developed countries today, it is important to consider other factors such as governance, social structures, and historical context that also contribute to their current state of development.