Exam 3: Repeat Performance: Globalization Through Time and Space

The development of the world system includes three critical economic domains: agriculture/industry,commerce,and finance.Describe each by using one of the hegemonic powers for each domain.

Peripheral and semiperipheral countries have less financial and human capital and more social reproduction than core countries.

World system analysts divide countries into three types,which include all but which of the following?

Immanuel Wallerstein and others consider the modern world system to be a capitalist global economy.

Leaders of hegemonic powers use consensus instead of coercion..

Explain why multinationals' investment in semiperipheral and peripheral nations has been consistently an exploitative relationship.

Income inequality has widened across time between

The Irish potato famine is a good example of

Because of their jobs,middle class workers in India find it easy to

A Dannon factory in Mexico has been criticized for treating workers as slaves.

Multinational corporations have contributed to the persistent poverty found in very poor countries.

The rise in billionaires in semi-peripheral nations exemplifies the Marxist model of a focus on profits by the bourgeoisie.

Multinational corporations in the modern era have attained massive wealth but very little power.

As world systems have developed,in the first phase they brought with them an expansion in all but

Describe the informal sector economy that exists in Kiberia.Why will it be difficult for the children of residents to improve within the modern global system?

Dominant powers in the world system are peaceful,thus,their military expenditures have been quite small in compared to poorer countries.