Superpowers 2

Question 2

What are the two different economic areas identified in Wallerstein’s World Systems Theory?

Answer 2

• Core
• Periphery

Core regions control most aspects of global trade, while periphery regions provide labor and materials.

Question 3

What do core regions control in the context of global trade?

Answer 3

• Trade agreements
• Trading currency

Core regions are economic powerhouses that dominate global trade.

Question 4

True or false: Periphery regions are primarily responsible for creating trade agreements.

Answer 4

FALSE

Periphery regions often provide labor and materials for core nations, rather than controlling trade agreements.

Question 5

Fill in the blank: Core regions trade with those in the ________ who often provide labor and materials.

Answer 5

periphery

This relationship highlights the economic dependency between core and periphery regions.

Question 6

What does the Core do in the context of global economics?

Answer 6

Manufactures goods and adds value

The Core provides consumption goods to periphery countries, often at their own profit.

Question 7

What is the role of the Semi-Periphery in the global economic system?

Answer 7

Provides consumption goods to periphery countries

The Semi-Periphery often acts as a middle ground between the Core and Periphery.

Question 8

What does the Periphery sell to the Core?

Answer 8

Primary resources (unmanufactured materials)

The Periphery also provides skilled workers through international outward migration.

Question 9

The Periphery must mine, farm, or extract natural resources for the Core often at their own expense. True or False?

Answer 9

TRUE

This highlights the exploitative nature of the relationship between the Core and Periphery.

Question 10

What theory explains inequality in wealth and development across the world?

Answer 10

World Systems Theory

This theory examines the exploitative relationships between Core and Periphery, historically through colonialism and currently through trade agreements.

Question 11

In the past, relationships between the Core and Periphery were purely exploitative. What historical example illustrates this?

Answer 11

British Empire’s exploitation of India

This exploitation involved hard power such as military force or occupation.

Question 12

In more recent times, the relationship between Core and Periphery centers around what type of agreements?

Answer 12

Trade agreements

These agreements often benefit the Core regions more than the Periphery.

Question 13

The trade agreements between Core and Periphery often favor which nations?

Answer 13

Core nations

This reflects the ongoing inequality in global trade dynamics.

Question 14

According to Rostow’s Modernisation Theory, how many stages do countries pass through as they grow economically?

Answer 14

Five stages

Rostow believed that countries develop through a series of stages over time.

Question 15

What is the first stage in Rostow’s Modernisation Theory?

Answer 15

Traditional Society

This stage is characterized by an economy based predominantly on primary industry.

Question 16

In the Traditional Society stage, what types of industries dominate?

Answer 16

• Agriculture
• Small-scale mining
• Foraging
• Fishing

There is minimal technology or scientific knowledge in this stage.

Question 17

What does the Traditional Society stage protect?

Answer 17

• Traditional culture
• Religion
• Values

The economy is based on primary industry with minimal technological advancement.

Question 18

What is the second stage in Rostow’s Modernisation Theory?

Answer 18

Pre-conditions for Take Off

This stage involves the construction of infrastructure and specialization in manufacturing industries.

Question 19

What is the third stage in Rostow’s Modernisation Theory?

Answer 19

Take Off

This stage is marked by significant industrialization and economic growth.

Question 20

What is the fourth stage in Rostow’s Modernisation Theory?

Answer 20

Drive to Maturity

This stage includes the adoption of global culture and an increase in domestic quality of life.

Question 21

What is the fifth stage in Rostow’s Modernisation Theory?

Answer 21

High Mass Consumption

This stage is characterized by advanced technology and a throw-away society.

Question 22

What does the Drive to Maturity stage involve?

Answer 22

• Adoption of global culture
• Increase in domestic quality of life

This stage reflects a more developed economy with improved living standards.

Question 23

What is a characteristic of the High Mass Consumption stage?

Answer 23

Advanced technology

This stage often leads to a throw-away society.