Morgan takes the common view that economics must be viewed as independent nations engaged in diplomatic and economic relations with one another. Why would world-systems theorists critique this idea?
A) World-systems theorists would argue that we must not view the world as independent nations but rather as continents of nations that compete for continental dominance of the market in the world system.
B) World-systems theorists would suggest that Morgan's view runs the risk of delegitimizing the neoliberal project of creating world market systems that could develop the entire globe.
C) World-systems theorists would assert that the world capitalist system is not merely a collection of independent nations but must be understood as a single-world system.
D) World-systems theorists would argue that the world system should actually be analyzed by looking at global finance as a competition between independent cities, with London and New York City as the world's centers of international finance.

Question

Quizplus · Accepted Answer

World-systems theorists critique the idea that economics should be viewed as independent nations engaged in diplomatic and economic relations with one another because it oversimplifies the complex global economic system. They argue that the interconnection between nations is not merely a series of individual relationships but must be seen as a single-world system. In this view, the world is divided into core, semi-periphery, and periphery regions, each with its own role in the global economy. By focusing solely on individual nations, Morgan's view fails to account for the dynamics and inequities of the world capitalist system.

Morgan Takes the Common View That Economics Must Be Viewed