Asked by Michelle DeMars on May 16, 2024
Verified
Wallerstein's analysis of the economic and political hierarchy that links all economies into a global system is known as
A) global system theory.
B) world exploitation theory.
C) dependency theory.
D) world system theory.
World System Theory
A sociological theory focusing on the global economic system as a complex structure influencing countries’ development and interactions through capital and trade.
Economic Hierarchy
A ranking of individuals or groups according to economic power, wealth, or status, affecting their access to resources and opportunities.
Political Hierarchy
A structured ranking system within a political entity or organization, where power and authority are distributed among different levels.
- Familiarize with the crucial theories that form the basis of global economic and political relationships, encompassing Dependency theory, Modernization theory, and World System theory.
Verified Answer
LG
Lawson GodwinMay 17, 2024
Final Answer :
D
Explanation :
Wallerstein's analysis is known as world system theory, which suggests that there is a global economic and political hierarchy in which core countries exploit peripheral countries for their resources and labor.
Learning Objectives
- Familiarize with the crucial theories that form the basis of global economic and political relationships, encompassing Dependency theory, Modernization theory, and World System theory.