Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

Chapter Key Terms

Satelite or Peripheral countries: Term used by Frank to describe developing countries highlight the dependency on core countries.

Primary Products: Crops and mineral extracts.

Tariffs: taxes

Proletarianization: the social process whereby people move from being either an employer, unemployed or self-employed, to being employed as wage labour by an employer - most important form of downward social mobility.

Chapter Key Terms

Disadvantages

- Too economistic

- Bergsen (1990): argues that it was military conquest and political manipulation of local peoples that imposed economic dependency on developing nations rather than the logic of capitalism.

Polarization - segregation within a society that may emerge from income inequality, economic restructuring, etc. and result in such differentiation that would consist of various social groups.

In Marxism polarization refers to widening gap between the bourgeoisie and the proletariat, this approach leads to the proletariat being ostracized from society and as a result they may seek the need for a socialist revolution.

- Vague

- Criticised by modernization theory: neglects the importance of internal factors such as cultural factors, in the failure of LDC's to develop. For example, his critics point out that he ignores the corruption of LDC elites and their wasteful spending

Evaluation of world systems theory

World Systems Theory Evaluation.

World Systems Theory

Explains development in terms of the ever-changing economic relationships between countries in the modern world system.

Advantages

Criticisms of Wallerstein's Methodology

-Aims to analyze capitalism and explain global inequality.

-Influential

-First to acknowledge the globalization of the world

-International Division of Labour = global inequality

-Looks as the the development as a whole (the world)

-Theory is highly abstract

-Vague in definitions of concepts such as "core" "peripheral" and so on.

-Cannot be measured or tested

Fails to acknowledge that specialisation in low-tech production may produce profits in the short term. However, countries fail to develop industry and sophisticated technology that could lead to greater profits in the future and therefore may not continue developing.

Chapter Key Terms

Chapter Key Terms

Dependency: the state relying on more powerful countries for investment, trade, aid, debt etc.

Imperial: Empire - building

Metropolis and Core nations- Developed world

Neo-colonialism- the use of economic, political, cultural, or other pressures to control or influence other countries, especially former dependencies.

-Colonilism: the policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically

-Commodification: applying an economic value to a range of human activities, "attaching a price to everything".

-De-skilling:breaking down occupation skills into simple tasks.

Learn more about creating dynamic, engaging presentations with Prezi