1.5 Flashcards

1
Q

The first stage of the world systems theory model?

A

Expansion/ growth

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2
Q

The second stage of the world systems theory model?

A

Stagflation/ recession

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3
Q

The third stage of the world systems theory model?

A

Depression

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4
Q

The fourth stage of the world systems theory model?

A

Improvement or severe depression

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5
Q

Major product of the Industrial evolution?

A

Cotton

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6
Q

Major feature of post war era?

A

Electronics

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7
Q

How many tiers is the world according to Marxism?

A

2 tier world

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8
Q

How many Kondratieff cycles since 1800?

A

5, we are on the 5th.

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9
Q

What 3 areas are in the world from Wallerstein’s view?

A

Core, periphery and semi-periphery

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10
Q

Major feature of the 3rd Industrial revolution?

A

Petrochemicals.

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11
Q

Major feature of the current contemporary era?

A

Wifi, Internet and biotechnology

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12
Q

Where did the industrial revolution start?

A

In the west

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13
Q

Which continent experienced industrial growth in the 1980s

A

South America

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14
Q

Which area experienced industrial growth in the 1990s

A

Eastern Europe

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15
Q

Which countries experienced industrial growth in the 2000s

A

NICs

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16
Q

Growth/depression cycles occur every…years

A

50-60 years

17
Q

What is feudalism?

A

Inequality due to capitalism

18
Q

UK growth is due to…which redefines how we work.

A

telecommunications

19
Q

Why did the UK enter stagflation?

A

Inefficient work and over spending in Iraq and Afghanistan.

20
Q

What is protectionism?

A

Countries protecting their markets from foreign competition.

21
Q

What does growth require?

A

Public spending or FDI

22
Q

Why did China fall behind and not experience colonialism?

A

No competition, one coastline, no investment in ships or exploration