Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider why Wallerstein thinks it's important to analyze globalization in historical stages. What happens in the periphery and semi-periphery of a world system for core

Consider why Wallerstein thinks it's important to analyze globalization in historical stages. What happens in the periphery and semi-periphery of a world system for “core” countries to develop? To help your explanation, consider an example, identifying the role of a country in the world system, such as by a manufacturing label of a commodity you use daily (such as your sneakers, phone, or coffee).

Once we get a difference in the strength of state–machinery, we get the operation of 'unequal exchange' which is enforced by strong states on weak ones, and by core states in peripheral areas. Thus, capitalism is involved not only the appropriation of the surplus-value by an owner from a laborer, but an appropriation of surplus of the whole world-economy by core areas" (Wallerstein p.162).

Step by Step Solution

3.36 Rating (146 Votes )

There are 3 Steps involved in it

Step: 1

Wallerstein emphasizes the importance of analyzing globalization in historical stages because he believes that the world system has evolved through different phases each characterized by distinct econ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

More Books

Students also viewed these Economics questions

Question

Explore different approaches to the choice of entry mode.

Answered: 1 week ago

Question

How do sex and gender differ?

Answered: 1 week ago

Question

What is kaizen costing?

Answered: 1 week ago

Question

What is incentive compensation?

Answered: 1 week ago