12 Questions
What does Wallerstein define as 'the endless accumulation of capital'?
Capitalism
Which event significantly contributed to the development of the world system according to the text?
European Age of Discovery
What was exported beyond its physical boundaries by the European sphere of influence?
Influence
Which type of production led to monocrop production in areas once having diverse subsistence bases?
Colonial plantation systems
What was the defining attribute of capitalism mentioned in the text?
Economic orientation to the world market for profit
Who is described as an American sociologist, historical social scientist, and world systems analyst in the text?
"Wallerstein"
What initially sparked Wallerstein's interest in world affairs?
The anti-colonial movement in India
What does Wallerstein argue has contributed to the formation of a capitalist world economy?
International trade
Which regions benefited the most from the capitalist world economy according to Wallerstein?
Core regions
What were the characteristics of areas categorized as the Periphery?
Controlled by other states and reliant on coercive labor practices
What type of areas were classified as Semi-periphery?
Core regions in decline or peripheries seeking improvement
Which regions managed to mostly stay outside the modern world economy?
External regions
Explore the concept of a capitalist world-economy and Wallerstein's definition of the world-system as a geographical division of labor. Learn about the significant event of the European Age of Discovery in the development of the world system.
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