Transcription of Emmanual Wallerstein's World-systems Theory Summary
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Emmanual Wallerstein's World-systems Theory Summary
/EmmanualWallerstein'sWorld-systemsTheor ySummaryFrom: logical-theories-and-global-inequaJity- 72/ World-systems - Theory -429-53 71 WorldSystemsTheory,likedependencytheory, suggeststhatwealthycountriesbenefitfromo thercountriesandex-ploitthosecountries' ,thismodelrecognizestheminimalbenefitsth atareenjoyedby lowstatuscountriesin \'\' allerstein,whosuggeststhatthewaya countryis wallerstein ,theworldeconomicsystemis dividedintoa hierarchyofthreetypesof countries:core,semiperipheral, ( , ,Japan,Germany)are dominant,capitalistcountriescharacterize dby highlevelsof , ( ,mostAfricancountriesandlowincomecountri esin SouthAmerica)are dependenton corecountriesfor capitalandare , ( ,SouthKorea,Taiwan,Mexico,Brazil,India,N igeria,SouthAfrica)are theweakermembersof "advanced"regionsor theleadingmembersof theworld' ,justas thepricesfor theagriculturalproductsthatperipheralcou ntriesexportregardlessof marketprices,forcingsmallfarmersto abandontheirfieldsbecausetheycan'tafford to payfor peripheralcountriesbenefitfromthelaborof Core/PeripheryAreas:Ascoreandperipheryar easdevelopit.
South Korea, Taiwan, Mexico, Brazil, India, Nigeria, South Africa) are less developed than core nations but more developed than peripheral nations. They are the weaker ... • Government policy e.g the development on enterprise zones or export processing zones that encourage FDI Periphery Area • landlocked (no coastline) e .g Rwanda and Uganda
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