Podcast
Questions and Answers
What is a significant consequence of globalization on local cultures?
What is a significant consequence of globalization on local cultures?
Which type of social system is defined as small, homogenous societies producing all goods and services within themselves?
Which type of social system is defined as small, homogenous societies producing all goods and services within themselves?
According to world-system theory, what is a defining feature of world-empires?
According to world-system theory, what is a defining feature of world-empires?
What principle underlies the capitalist world-system according to the theory?
What principle underlies the capitalist world-system according to the theory?
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What is meant by 'unequal exchange' in the context of world-system theory?
What is meant by 'unequal exchange' in the context of world-system theory?
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How do core countries maintain dominance in the global economic system?
How do core countries maintain dominance in the global economic system?
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What aspect does globalization significantly alter concerning individual lives?
What aspect does globalization significantly alter concerning individual lives?
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What is a common effect of globalization on wealth distribution globally?
What is a common effect of globalization on wealth distribution globally?
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What is the primary focus of dependency theory within the context of the world-system theory?
What is the primary focus of dependency theory within the context of the world-system theory?
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Which of the following best describes the cyclical nature discussed in world-system theory?
Which of the following best describes the cyclical nature discussed in world-system theory?
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What are the three divisions Wallerstein identifies within the capitalist world-economy?
What are the three divisions Wallerstein identifies within the capitalist world-economy?
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What stance does the hyperglobalist approach take regarding globalization?
What stance does the hyperglobalist approach take regarding globalization?
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What does the skeptical approach to globalization primarily question?
What does the skeptical approach to globalization primarily question?
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According to the transformationalist approach, which of the following statements is true?
According to the transformationalist approach, which of the following statements is true?
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What does world-system theory emphasize about power dynamics in the global capitalist system?
What does world-system theory emphasize about power dynamics in the global capitalist system?
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Which statement best represents the concept of resistance and agency in world-system theory?
Which statement best represents the concept of resistance and agency in world-system theory?
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Study Notes
Views on Globalization
- Globalization is primarily associated with economic aspects, highlighting disparities between the Industrial North and Developing South.
- Local cultures are often undermined and diminished due to global influences.
- It is believed to increase global inequalities, with impoverished populations becoming poorer.
Understanding Globalization
- Globalization transforms personal lifestyles and social experiences.
- Importance of grasping its implications for modern society, as outlined by Longhorne in 2001.
Globalization Theories
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World-System Theory: Developed by Immanuel Wallerstein in the 1970s; posits that nations are part of a worldwide capitalist system divided into three social systems: mini-systems, world empires, and world economies.
- Mini-systems: Characterized by small, homogenous societies, primarily subsistence-based.
- World Empires: Economies reliant on extracting surplus from conquered territories, with tribute systems supporting administration and military forces.
- World Economies: Lack a unified political framework; focus on surplus extraction from peripheral areas to maintain central dominance.
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Capitalist World-System: Views the world as a unified capitalist entity focusing on profit optimization and labor exploitation, with core countries exerting significant control over global dynamics.
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Unequal Exchange: Structural inequality is inherent in global economic systems, favoring core nations that exploit peripheral countries through unfavorable trade terms.
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Dependency Theory: Links world-system theory by highlighting the economic and political subordination of less-developed countries to developed nations, which restricts development opportunities and processes.
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Cyclical Nature: The global system experiences long-term cycles influenced by various factors, resulting in shifts in the dominance of nations over time.
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Resistance and Agency: Acknowledges the capability of nations and groups to resist dominant global forces and to pursue alternative development paths.
Classification of Economic Areas
- Wallerstein categorizes the capitalist world economy into three areas:
- Core states
- Semi-peripheral areas
- Peripheral areas
Theories of Globalization Approaches
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Hyperglobalist Approach: Asserts that the world has entered a 'truly global age,' which fosters ‘global capitalism’ and promotes an open market ideology.
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Skeptical Approach: Questions the impact of trading blocs and argues that globalization has not significantly altered the global landscape, leading to increased polarization.
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Transformationalist Approach: Provides a more balanced perspective, acknowledging global interconnectedness while recognizing that globalization can lead to societal stratification.
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Description
Explore various views about globalization, including its impact on local cultures and the economy. Analyze the contrasts between the Industrial North and the Developing South, as well as the inequalities exacerbated by globalization. This quiz will challenge your understanding of globalization's effects on our lives.
