Morgan Takes the Common View That Economics Must Be Viewed

question 58

Multiple Choice

Morgan takes the common view that economics must be viewed as independent nations engaged in diplomatic and economic relations with one another. Why would world-systems theorists critique this idea?

• A) World-systems theorists would argue that we must not view the world as independent nations but rather as continents of nations that compete for continental dominance of the market in the world system.
• B) World-systems theorists would suggest that Morgan's view runs the risk of delegitimizing the neoliberal project of creating world market systems that could develop the entire globe.
• C) World-systems theorists would assert that the world capitalist system is not merely a collection of independent nations but must be understood as a single-world system.
• D) World-systems theorists would argue that the world system should actually be analyzed by looking at global finance as a competition between independent cities, with London and New York City as the world's centers of international finance.

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