Andre Gunder Frank (1929-2005) was an economic theorist, historian, and sociologist, and is considered a founder of Dependency Theory and World Systems Theory. He taught in universities around the world, and was the author of many books that continue to be regarded as classics.

In his second book, Andre Gunder Frank expands on the theme presented in his influential study Capitalism and Underdevelopment in Latin America. It is the colonial structure of world capitalism, in his view, which produced and maintains the underdevelopment characteristic of Latin America and the rest of the Third World. This colonial structure penetrates everywhere in Latin America, forming and transforming all its features in obedience to its own imperatives and thereby imposing upon the region those characteristic features of poverty and backwardness which are not primarily the remnants of an ancient "feudal" past but the direct products of capitalism. This development of underdevelopment will persist, Frank argues, until the people of Latin America free themselves from world capitalism by means of revolution.