According to Immanuel Wallerstein, the world economy not only exploits poor nations, but it also places them in what position with respect to rich nations?

Question

BlackTom AI · Accepted Answer

The question asks about Immanuel Wallerstein's view within world-systems theory regarding where poor nations are positioned relative to rich nations in the global economy.

First, note that there are no explicit answer options provided in the given data. The stated correct answer is 'a position of dependency,' but since no multiple-choice choices are listed to analyze, we will still walk through the reasoning behind the proposed correct idea and how it aligns with Wallerstein's framework.

In Wallerstein's world-systems perspective, the world economy is organized around a core-periphery structure, with a semi-periphery in between. Core (rich) nations dominate economically, control high-value production, and extract surplus from periphery (poor) nations. Periphery countries are characterized by dependency on core nations for capital, technology, and favorable terms of trade. This dependency relationship means poorer nations cannot develop independently of the global economic system; their economies often rely on exporting raw materials and low-value goods while importing manufactured goods and capital services from wealthier nations.

Option: a position of dependency. This captures the essential dynamic Wallerstein emphasizes: the subordination of less-developed regions within a global system that benefits core states. The dependency arises from structural inequalities, unequal exchange, and the flow of profits that favors the core over the periphery.

If we consider potential incorrect or missing options (hypothetical):
- A claim that poor nations are autonomous or self-sufficient ignores the structural dependence highlighted by Wallerstein and would be incorrect.
- A claim that dependency only refers to political influence without economic dimensions would be incomplete, since the theory centers on economic extraction and capital flows.
- A claim that all poor nations have identical experiences would misrepresent the nuanced gradations among periphery countries and the semi-periphery, which Wallerstein uses to describe varying levels of exploitation and integration.

Putting this together, the core idea is that Wallerstein describes poor nations as being locked into a dependency relationship with rich nations, driven by the global capitalist system's structure and the extraction of surplus by core economies.

SOC 225-001 Quiz 16

According to Immanuel Wallerstein, the world economy not only exploits poor nations, but it also places them in what position with respect to rich nations?

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