________ argues that the world capitalist economic system is not merely a collection of independent countries engaged in diplomatic and economic relations with one another but rather must be understood as a single unit.
A) Neoliberalism
B) Postmodernism
C) Structuration theory
D) World-systems theory

Question

Quizplus · Accepted Answer

World-systems theory, developed by Immanuel Wallerstein, argues that the global economy should be understood as a single unit rather than a collection of independent countries engaging in relations with one another. According to this theory, countries are divided into a hierarchy of core, semi-peripheral, and peripheral regions, with wealthy core countries exploiting and dominating poorer peripheral countries through economic ties. This theory challenges the notion of a purely free market and emphasizes the impact of historical colonialism and imperialism on the modern global economy.

________ Argues That the World Capitalist Economic System Is Not