MATCHING
-Global commodity chains
A)The process whereby Western nations established their rule in parts of the world away from their home territories
B)The economic belief that free-market forces, achieved by minimizing government restrictions on business, provide the only route to economic growth
C)The world economy is made up of core, semiperiphery, and periphery countries
D)Marxist theory of economic development
E)Worldwide networks of labor and production processes yielding a finished product
F)Argues that low-income societies can develop economically only if they adopt modern economic institutions, technologies, and cultural values
G)Under certain circumstances, poor countries can still develop economically, although only in ways shaped by their reliance on wealthier countries

Question

Quizplus · Accepted Answer

Global commodity chains are worldwide networks of labor and production processes that yield a finished product. These chains involve various stages of production that occur in different parts of the world, with each stage adding value to the product. For example, a shirt may be designed in the United States, made with cotton grown in India, and sewn together in Bangladesh.

Answer: C
 The theory of core, semiperiphery, and periphery countries describes the structure of the world economy, with the core consisting of wealthy, developed countries, the periphery consisting of poor, underdeveloped countries, and the semiperiphery consisting of countries in between. This theory suggests that the global economy is shaped by the relationships between these different types of countries, with the core exploiting the periphery and the semiperiphery to maintain their own economic power.

Answer: G
 The theory of dependent development suggests that poor countries can still develop economically, but in ways that are shaped by their reliance on wealthier countries. These countries may be able to develop certain aspects of their economies, but they will always be dependent on foreign investment, technology, and markets. This theory argues that true economic development requires a more equitable global economic system.

MATCHING -Global Commodity Chains