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”)

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2
Q

Periphery

A

LDCs
Exports raw materials to semi-periphery

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3
Q

Semi-periphery

A

NICs
Imports raw materials from periphery and exports finished goods to core

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4
Q

Core

A

MDCs
Imports finished goods from semi-periphery

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