Wallerstein’s World Systems Theory is an approach to world history and social change that suggests there is a world economic system in which some countries benefit while others are exploited.
Imagine if your school was divided into groups for a project - one group gets all the resources they need while another group struggles with limited supplies. That's similar to how Wallerstein sees the world economy - some countries (core) have access to resources while others (periphery) do not.
Core-periphery concept: A model that describes how economic, political, and cultural power is spatially distributed between dominant core regions, and more marginal or dependent peripheral regions.
Semi-periphery countries: Countries that are industrializing and represent an intermediate category between core and periphery.
Dependency theory: An economic theory which suggests that developing nations remain impoverished due to their dependence on developed nations.
Which criticism could be made about Wallerstein's World Systems Theory?
What is a primary criticism of Wallerstein's World Systems Theory?
What is the core principle of Wallerstein's World Systems Theory?
What is a major criticism of Wallerstein's World Systems Theory regarding its application to international agriculture?
What does Wallerstein's World Systems theory mainly focus on?
Which concept represents Wallerstein's World Systems Theory focusing on the interdependence among countries at different stages of development?
What weakness does Wallerstein's World Systems Theory face when applied to today's global economy?
Which of the following is an advantage of Wallerstein's World Systems Theory in understanding the world economy?
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