World-Systems Theory Overview

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Questions and Answers

What is the main unit of analysis in world-systems theory?

The world-system.

What distinguishes a world-empire from a world-economy?

In a world-empire, a single political entity controls the economic division of labor using coercive power, whereas in a world-economy, no single state has conquered the entire core region.

Why do world-systems theorists argue that states are not meaningful actors apart from their position in the world-economy?

Because a state's strength is viewed in relation to its position in the world-economy.

What concept was introduced by world-systems theorists to explain the industrialization of some Less Developed Countries (LDCs)?

<p>Semiperiphery.</p> Signup and view all the answers

How do core states differ from peripheral states in the world-economy according to world-systems theory?

<p>Core states are strong due to their dominant position in the world-economy, while peripheral states are weak.</p> Signup and view all the answers

What is the role of hegemonic states in the modern world-system according to world-systems theory?

<p>Hegemonic states rise and fall in a hegemonic sequence within the world-economy.</p> Signup and view all the answers

What do world-systems theorists think about the prospects for today's Less Developed Countries (LDCs)?

<p>World-systems theorists are more pessimistic than liberals about the prospects for today's LDCs.</p> Signup and view all the answers

How does the semiperiphery help stabilize the capitalist world-economy?

<p>The semiperiphery divides the periphery so the core states do not face a unified opposition, thus stabilizing the capitalist world-economy.</p> Signup and view all the answers

What is the prospect raised by world systems theorists regarding the replacement of capitalism?

<p>World systems theorists raise the prospect of capitalism being replaced by socialism due to its contradictions.</p> Signup and view all the answers

What is a criticism of world-systems theory by neomercantilists?

<p>Neomercantilists criticize world-systems analysts for undertheorizing the role of the state.</p> Signup and view all the answers

According to liberals, what is a generalization made by world-systems theorists about capitalism?

<p>Liberals argue that world-systems theorists generalize about capitalism and do not consider differences based on hegemony.</p> Signup and view all the answers

What critique do Marxists have about the emphasis in world-systems theory?

<p>Marxists argue that world-systems theory focuses more on 'relations of exchange' rather than 'relations of production' between capitalists and workers.</p> Signup and view all the answers

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