Burma & World System Theory
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World Systems Theory posits that there is a world economic system in which some countries benefit while others are exploited. KEY POINTS Immanuel Wallerstein developed World Systems Theory and its three-level hierarchy: core, periphery, and semi-periphery. Core countries are dominant capitalist countries which exploit peripheral countries for labor and raw materials. Peripheral countries are dependent on core countries for capital and have underdeveloped industry. Semi-peripheral countries share characteristics of both core and peripheral countries. TERMS Semi-peripheral: Countries that share characteristics of both core and periphery countries. Peripheral: Peripheral countries are dependent on core countries for capital and have underdeveloped industry. Core: Describes dominant capitalist countries which exploit the peripheral countries for labor and raw materials. (Definition source: boundless.com)
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#Burma & #WorldSystemTheory
World Systems Theory posits that there is a world economic system in which some countries benefit while others are exploited.
KEY POINTS
Immanuel Wallerstein developed World Systems Theory and its three-level hierarchy: core, periphery, and semi-periphery.
Core countries are dominant capitalist countries which exploit peripheral countries for labor and raw materials.
Peripheral countries are dependent on core countries for capital and have underdeveloped industry.
Semi-peripheral countries share characteristics of both core and peripheral countries.
TERMS
Semi-peripheral: Countries that share characteristics of both core and periphery countries.
Peripheral: Peripheral countries are dependent on core countries for capital and have underdeveloped industry.
Core: Describes dominant capitalist countries which exploit the peripheral countries for labor and raw materials.
(Definition source: boundless.com)
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