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Introduction
World system primary unit of analysis, world history and social change = divisions of labour; 3 peripheries; Immanuel Wallerstein & Marxism
Core Nations
Most economically prosperous; most powerful; forefront technological advances; strong bourgeois and working classes; influence
Semi-Peripheral
Midway bet. core and periphery; strive for industralisation and diversified economies; exports to peripheral nations and import from core; not dominant in international trade
Peripheral
Weak economically; weak governments; export raw materials to core nations; multinational corporations from core nations tend to exploit unskilled labour from peripheral; small bourgeois and large peasant class; influenced by core nations
4th paragraph
Proponents of world systems theory see the world same way Marx saw class; Wallerstein defines world system as capitalist in nature (unequal development); world history has produced social change we see today (feudalism > capitalism, capitalism = impact)
Conclusion
World system as primary unit of analysis; 3 peripheries; world history
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