SP 1.5 - World Systems Theory Flashcards
1
Q
What are the stages in the Kondratiev cycle?
A
- Prosperity
- Recession
- Depression
- Improvement
2
Q
Why is World Systems Theory an objection to Marxism?
A
World System Theory objects to Marxism theory about, a 2-tier rich/poor static world.
3
Q
What is the World System Theory based on?
A
It is a 3-tier world: change occurs in the periphery through class struggle and social change.
4
Q
What are the 4 stages related to the seasons?
A
- Spring - Expansion and growth
- Summer - Stagflation and recession
- Autumn - Depression
- Winter - Severe depression
