Political Science, asked by hashmatali4199, 7 months ago

critically examine the world systems theory

Answers

Answered by wajahatkincsem

Explanation:

The theory suggests that the world has an economic system where only few countries are benefitting by exploiting others.
The capitalist countries are taking resources from their world countries, make final products, and then sell them back in those countries.
Third world countries are only being exploited by the capitalists.

Answered by skyfall63

Explanation:

According to the world systems theory, the world is divided into three types of countries or areas: core, periphery, and semi-periphery.

The theory of "world systems" is based on a three-tier hierarchy of core, peripheral and semi-peripheral regions.
The core nations control & use labour & raw materials in the periphery nations.
The nations in periphery rely on core capitalistic nations.
The semi-periphery nations have both core and peripheral characteristics.
This theory illustrates economic inequality 's socioeconomic mechanisms.

Core countries are ruling industrialized nations that use labour and raw resources in the periphery nations. They have a military power, and they don't rely a single nation or state. They represent the economically strong 's needs. They focus on capital-intensive & higher skills. Strong core nations are able to pay cheaper prices of raw materials and take advantage of cheap labour, continuously reinforcing the uneven relationship between core and periphery nations.
The first core region, composed of France, Holland & England was situated in North West Europe. The US is an example of a core nation today. They have vast capital and they pay their labour forces very well ⠀

On the other side of the economic scale, peripheral nations fall. There is no powerful central govt in these nations & other States may be governed. These nations export their raw materials to core nations &rely on core capital nations, as well as under-developed industries. They have low-skilled, labour-intensive production or, in other words, inexpensive labor. Peripheral nations are also widely recognised as third-world economies.
The first periphery areas were Latin America & Eastern Europec. International investors promote the "extraction of raw materials & production cash crops" that are exported to are nations.

The semi-periphery region encompasses nations like South Africa or Brazil that appear like core cities but also have remote deprivation areas, resembling close to those of the peripheral nations. Such countries earn the main contracts. The core nations contracts work out to these countries.
Such areas represent either the weakening core regions or the peripheries which are seeking to boost their relative standing in the global economic system. They have sometimes acted as buffers between the core & the peripheries. As such, there were tensions between the central govt & a powerful local landed class in semi-peripheries.
Spain & Portugal are strong examples of weakening cores that have become semi-peripheral over the time. Italy, southern Germany and southern France were all semi-peripheral at the time. These areas had their own economic structures, largely outside the world's mainstream economy.
In economic terms, these regions maintained restricted but decreasing access to foreign banking & high-priced imported goods. However, in comparison to the core, they did not dominate in foreign trade & hence did not gain in the same manner as the core. These countries have developed their own economic systems and have largely remained outside the western world economy.

To know more

Wallerstein world system theory definition - Brainly.in

https://brainly.in/question/2958228

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