a way of looking at the global economy and understanding how different countries and region interact
world systems theory explained
-world is divided into three groups
core
periphery
semi-periphery
-shows how raw materials are given to core countries from periphery to make into product and given back at a high price, the core countries making mass profit
what does the work systems theory suggest?
the current system befits the core countries at the expense of the periphery countries
core country
Most developed
Semi periphery country
Between core and periphery
More developed than periphery but exploited by core
periphery
Poor and underdeveloped
Limited access to education and healthcare
problems using the world systems theory
-oversimplifies the global economy
-Neglect other factors (culture, social)
-Eurocentric
-Suggest the underdeveloped countries remain underdeveloped
how the world systems theory is helpful…
-highlights disparities in wealth, power and resources
-Shows the importance of historical contacts (current political systems are product of historical processes)
2. Preconditions for takeoff - outside influence commercialises farms to create products to sell on
3. Takeoff - urbanisation, industrialisation and growth of manufacturing
4. Drive to maturity - diversification, specialisation, innovation, and investment
5. Age of mass consumption - highly sophisticated Society
What was the aim of the modernisation theory?
Mass consumption and development
Who wrote the dependency theory?
Andre Gunder Frank
Explain the Dependency theory
Low income countries give raw materials, political support, debt repayment and most experienced workers, in return for aid, manufactured goods at a higher price, polluting industries, political and economic ideas
Reason LIC rely on HIC
Low income countries can’t make own good so allow high income countries to manufacture