SOCI201 Chapter Notes - Chapter 9: Multinational Corporation, Subsistence Agriculture, Neocolonialism

• School: University of Delaware
• Department: Sociology
• Course: SOCI201
• Professor: all

Document Summary

Colonialism: occurs when a foreign power maintains political, social, economic, and cultural domination over people for an extended period. Neocolonialism: continuing dependence of former colonies on foreign countries. Industrialized nations and their global corporations dominate the core of this system. At the semiperiphery of the system are countries with marginal economic status. Poor developing countries are on the periphery of the world economic system. Dependency theory: an approach that contends that industrialized nations continue to exploit developing countries for their own gain. Even as developing countries make economic advance, they remain weak and subservient to core nations and corporations. Applies the conflict perspective on a global scale. Globalization: the worldwide integration of government policies, cultures, social movements, and financial markets through trade and the exchange of ideas. Multinational corporation: refers to commercial organizations that are headquartered in one country but do business throughout the world. Believe that multinational corporations can actually help the developing nations of the world.