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17 Cards in this Set
- Front
- Back
Imperialism
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The forceful extension of a nation's authority to other peoples by military, economic, and political domination.
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Exploitation
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Extracting profits from the resources and labor of others in an unjust way.
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metropoles
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the metropolitan (political, commercial, and military) centers of imperial powers
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systematic inequality
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deep-seated disparity in the distribution of wealth and/or power generated by colonialism and dependency.
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terms of trade
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relative price of exports and imports.
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Division of labor
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division of world markets into core, peripheral, and semi-peripheral areas.
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Core states
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large and leading countries that produce most of the innovative products, which enjoy an initial monopoly.
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Peripheral states
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smaller and less-developed countries that produce most of the competitive or lagging products after the monopoly qualities of these products have been substantially diminished.
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Semi-peripheral states
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states that produce a nearly even mix of monopoly and competitive products.
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bonded labor
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a form of unfree or indentured labor, typically a means of paying off loans with direct labor instead of currency or goods.
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marginalization
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the social process of making unimportant or powerless certain groups within a society, especially indigenous peoples and women.
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digital divide
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divide between advanced and developing countries in terms of access to the digital devices of the information age.
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Max Weber
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Author who argued that the Protestant Reformation spurred the economic growth of the West.
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MNC
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Multinational corporation
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Thomas Friedman
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Author that believes that globalization has made the world better. He adopts a liberal perspective on international trade.
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Manisha Desai
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Argues that globalization has led to the repression of women on a global scale.
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GDP
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Gross Domestic Product
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