According to the theory the capitalist world economy is a global system divided into a hierarchy of ...........

Sociology Preliminary Economic System and Society

According to the _____ theory, the capitalist world-economy is a global system divided into a hierarchy of three major types of nations.

world systems

dependency

development and modernization

new international division of labour

- Option 1: World Systems Theory

- This theory divides the global economy into core, semi-periphery, and periphery nations.

- It was developed by Immanuel Wallerstein.

- It emphasizes the interconnectedness of countries and the exploitation of peripheral nations by core nations.

- Option 2: Dependency Theory

- Suggests that periphery nations depend on core nations for economic development.

- Emphasizes the constraints imposed on developing nations by historical exploitation and ongoing global structures.

- Option 3: Development and Modernization Theory

- Proposes that all countries progress through similar stages of development.

- Emphasizes internal factors and the adoption of Western ways as a roadmap.

- Option 4: New International Division of Labour

- Refers to the global reorganization of production, with manufacturing increasingly located in developing countries.

- Highlights the shift of labor-intensive industries to lower-wage areas.

Submit Error