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What is a corporate bond and what does it specify?
World System Theory
A socio-economic theory that suggests the world is a complex system influenced by economic and political relationships between countries, emphasizing the division between core and periphery nations.
Economic Hierarchy
Details the structured ranking of individuals, organizations, or countries based on their economic power, wealth, or resources, influencing their status and opportunities within a society.
Political Hierarchy
A system of organization in politics where individuals or groups are ranked according to power or authority.
Modernization Theory
A theory suggesting that societal development occurs through a series of progressive stages, typically moving from traditional to modern industrial societies.
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