Question

Historian Immanuel Wallerstein argues that the world system is made up of a core, semi-periphery and a periphery. Cheap labor and raw materials provide the _____ with the means to produce high profit consumption goods, which then flow back to the _____.

Group of answer choices

core/periphery

first world/third world

periphery/core

third world/first world

Answer 1

Answer- Correct option is 'A'

Historian Immanuel Wallerstein argues that the world system is made up of a core, semi-periphery and a periphery. Cheap labor and raw materials provide the core with the means to produce high profit consumption goods, which then flow back to the periphery . The world system theory, developed by the socialist Immanuel Wallerstein, is an apporach to the world history and social change that suggest there is a world economic system in which some countries benefit while others are exploited. The core dominates whilst the periphery is dependent. The world trade system is a set up for the core to create more surpluses and higher profits.