World-Systems Theory Overview

The world-system.

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.

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

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

<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

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

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

<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

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

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

<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

<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