World system theory operates as a hierarchy so that countries at various stages of development constitute (1) the "core," (2) the "semiperiphery," and (3) the "periphery."

Question

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World system theory indeed categorizes countries into three hierarchical levels based on their stage of economic development and their role in the global economy: the core (highly developed countries), the semiperiphery (countries in transition), and the periphery (less developed countries).

World System Theory Operates as a Hierarchy So That Countries