World Systems Theory
World Systems Theory, developed by sociologist Immanuel Wallerstein, suggests that the global economy is divided into three categories: core, semi-periphery, and periphery nations. Core countries are economically advanced and control wealth and technology, while peripheral countries are less developed and often exploited for their resources and labor. Semi-periphery nations fall in between, having some industrial capability but still facing vulnerabilities. This theory highlights how economic and political power is distributed worldwide, emphasizing that the interactions between these different types of countries shape global inequalities and influence development strategies.
Additional Insights
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World-systems theory, developed by sociologist Immanuel Wallerstein, explains global inequality through the lens of economic and social development. It identifies three main categories of countries: core, semi-periphery, and periphery. Core countries are economically advanced and dominate global trade, while periphery countries are less developed and often exploited for resources. Semi-periphery countries fall in between. This theory highlights how historical and economic relationships shape the world, suggesting that wealth and power are concentrated in specific areas, leading to persistent global inequalities. It encourages a broader understanding of international relations and economic structures.
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World-Systems Theory is a sociological perspective that examines global inequalities in terms of economic, political, and social systems. It categorizes countries into three groups: core nations, which are wealthy and powerful; semi-peripheral nations, which are in between; and peripheral nations, which are less developed and often exploited for resources. This theory emphasizes that the world functions as a complex system where the interactions between these groups affect development and dependency. By understanding these dynamics, we can better analyze issues like globalization, trade, and power relations on a global scale.