PLS 370-A01

mechanisms/processes of domination

  • colonialism
  • neocolonialism
    • MNC
    • Sanctions
    • WB, IMF, SAP’s (Structural Adjustment Policy)
    • WTO (GATT)
  • comprador classes
  • northern elites collaborate with southern elites to commonly exploit southern masses
  • globalization has increased rich/poor gap

dependency theory

  • S must dissociate from N
  • south-to-south trade ties
  • improves self-reliance

Wallerstein, world systems theory

  • capitalist world economy
    • world = tightly integrated
  • capitalist: endless capital accumulation
  • exchange of goods & svcs
  • indispensable division of labor
  • hierarchical core/periphery (from dependency theory); W. adds semi-periphery category
  • based on technological level
  • semi-periphery: Newly Industrialized Countries (NIC)
    • S.Korea
    • Brazil
    • Taiwan
    • Phillipines
  • dependent development:
    • export-led growth
    • highly vulnerable
    • little focus on domestic demand
  • NIC advancement serves as showcase that progress is possible in cap. regime
  • buffer zone in hierarchy
    • not possible to fall from top to bottom of scale all at once
  • begins with Westphalian state system
  • world economy cannot exist in absence of sovereign nation-states
  • “infant industry” argument
  • examine key critiques 206-207
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