Unit 5 (theories of development *3) Flashcards
1
Q
Wallerstein’s World Systems Theory
A
Describes how countries fit into one of the three categories (based on dependency theory ideas that countries are dependent on one another, making them “stuck”)
2
Q
Periphery
A
LDCs
Exports raw materials to semi-periphery
3
Q
Semi-periphery
A
NICs
Imports raw materials from periphery and exports finished goods to core
4
Q
Core
A
MDCs
Imports finished goods from semi-periphery