MATCHING -World-Systems Theory

question 44

Multiple Choice

MATCHING
-World-systems theory

• A)The process whereby Western nations established their rule in parts of the world away from their home territories
• B)The economic belief that free-market forces, achieved by minimizing government restrictions on business, provide the only route to economic growth
• C)The world economy is made up of core, semiperiphery, and periphery countries
• D)Marxist theory of economic development
• E)Worldwide networks of labor and production processes yielding a finished product
• F)Argues that low-income societies can develop economically only if they adopt modern economic institutions, technologies, and cultural values
• G)Under certain circumstances, poor countries can still develop economically, although only in ways shaped by their reliance on wealthier countries

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Definitions:

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