ANTHRCUL 101 Lecture Notes - Lecture 18: World-Systems Theory, Core Countries, Capital Accumulation

• School: U of M
• Department: Anthropology, Cultural
• Course: ANTHRCUL 101
• Professor: Brent Pav

Document Summary

Overview: the world system, industrialization, socioeconomic effects of industrialization, colonialism, development, the second world, the world system today, truly isolated societies do not exist today (and probably have never existed, modern world system: world in which nations are economically and politically interdependent. The world system: increase in international trade led to the capitalist world economy. Wallerstein: nations occupy positions of economic and political power: core, periphery, semiperiphery, core: dominant position in the world system. Complexity of economic activities and the level of capital accumulation is the greatest (thompson: semiperiphery: industrialized nations that export industrial goods and commodities but lack power of core nations, periphery: world"s least privileged and powerful countries. European exploration in the 15th century: permanently linked the old and new worlds, paved way for major exchanges of people, resources, ideas, and diseases. One of earliest english imported goods was sugar: emergence of colonial plantation economies fueled transatlantic slave trade.