Which statement best reflects world systems theory?
A) Rich nations rely too heavily on poor nations for natural resources.
B) Poor nations provide good combinations of capital and labour.
C) Low-income nations cannot achieve self-sustained economic growth.
D) Nations are part of a large capitalist economy.

Question

Quizplus · Accepted Answer

World systems theory argues that nations are not isolated economic systems, but are part of a larger global capitalist economy. This means that there are core nations, which are mostly wealthy and have high levels of industrialization, and periphery nations, which are mostly poor and provide raw materials and labor to core nations. The theory suggests that this global system creates and perpetuates economic inequality and dependency. Option A refers to dependency theory, which is related but not the same as world systems theory. Option B is not a central argument of the theory. Option C is a potential outcome of the theory, but not a central argument.

Which Statement Best Reflects World Systems Theory