World Systems Theory Sees the World Economic System as Divided

question 25

Multiple Choice

World systems theory sees the world economic system as divided into

• A) the free world and the communist world
• B) the East, the Middle East, and the West
• C) modern, modernizing, and traditionalist states
• D) a core, semiperiphery, and periphery

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Definitions:

Global Compensation System

A centralized pay system whereby host-country employees are offered a full range of training programs, benefits, and pay comparable to those of a firm’s domestic employees but adjusted for local differences.

Expatriates

Employees who reside and work in a country other than their native country, often for an international company.

Multinational Firm

A company that operates in multiple countries, managing production or services in more than one country outside of its home country.

TN Visa

A type of visa under the North American Free Trade Agreement (NAFTA) that allows citizens of Canada and Mexico to work in the United States in prearranged business activities for U.S. or foreign employers.