1.5 Flashcards
The first stage of the world systems theory model?
Expansion/ growth
The second stage of the world systems theory model?
Stagflation/ recession
The third stage of the world systems theory model?
Depression
The fourth stage of the world systems theory model?
Improvement or severe depression
Major product of the Industrial evolution?
Cotton
Major feature of post war era?
Electronics
How many tiers is the world according to Marxism?
2 tier world
How many Kondratieff cycles since 1800?
5, we are on the 5th.
What 3 areas are in the world from Wallerstein’s view?
Core, periphery and semi-periphery
Major feature of the 3rd Industrial revolution?
Petrochemicals.
Major feature of the current contemporary era?
Wifi, Internet and biotechnology
Where did the industrial revolution start?
In the west
Which continent experienced industrial growth in the 1980s
South America
Which area experienced industrial growth in the 1990s
Eastern Europe
Which countries experienced industrial growth in the 2000s
NICs
Growth/depression cycles occur every…years
50-60 years
What is feudalism?
Inequality due to capitalism
UK growth is due to…which redefines how we work.
telecommunications
Why did the UK enter stagflation?
Inefficient work and over spending in Iraq and Afghanistan.
What is protectionism?
Countries protecting their markets from foreign competition.
What does growth require?
Public spending or FDI
Why did China fall behind and not experience colonialism?
No competition, one coastline, no investment in ships or exploration
