A newer version of the economic structuralist theory, which stresses that rather than being divided into countries or into a first, second, and third world, the world consists of a single economy with a single division of labor, such that the wealth of core states is directly connected to the poverty of states in the periphery, is known as which of the following?
A)World system analysis
B)Dependency theory
C)Modernization theory
D)Revisionist Marxist theory

Question

Quizplus · Accepted Answer

World system analysis is the theory that emphasizes a single global economy with a division of labor that connects the wealth of core states to the poverty of peripheral states, reflecting the newer version of economic structuralist theory mentioned.

A Newer Version of the Economic Structuralist Theory, Which Stresses