first racoon
- 5
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- 1 month, 2 weeks ago
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karma: 1
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world-systems theory
world-systems theory is a social science theory developed by immanuel wallerstein in the 1970s.
it explains global inequality by viewing the world as a single interconnected economic system, where countries are divided into three types:
- core countries: wealthy, powerful, industrialized nations.
- semi-periphery countries: in-between nations, developing economies that have some industry but still depend on core countries.
- periphery countries: poorer, less developed countries that mainly export raw materials and labor to core countries.
the system is based on exploitation:
core countries exploit both the semi-periphery and the periphery for cheap labor and raw materials, keeping them dependent …