All Exams Test series for 1 year @ ₹349 only
Question

___________ theory most appropriately describes a hierarchy of wealthy 'core' nations, poor 'periphery' nations, and a middle group of ‘semi- periphery' nations.

The correct answer is
World systems

World Systems Theory: Explaining National Hierarchies

The theory that best describes a global structure composed of wealthy 'core' nations, poor 'periphery' nations, and an intermediate group of 'semi-periphery' nations is World systems theory.

Understanding World Systems Theory

Developed primarily by Immanuel Wallerstein, World systems theory views the world as a complex system with a division of labor that creates a hierarchy of interdependent states. This hierarchy is typically categorized into three groups:

  • Core Nations: These are dominant capitalist countries, characterized by high levels of industrialization, advanced technology, and high per capita income. They exploit peripheral nations. Examples include the US, Western Europe, and Japan.
  • Periphery Nations: These are less developed countries, often former colonies, with economies dependent on exporting raw materials and low-skilled labor to core nations. They have low levels of industrialization and high poverty rates. Examples include many countries in Sub-Saharan Africa and Latin America.
  • Semi-Periphery Nations: These countries occupy an intermediate position. They have some characteristics of both core and periphery nations, often exploiting periphery nations while being exploited by core nations. They serve as a buffer and facilitate the integration of periphery into the global capitalist economy. Examples include Brazil, India, China, and South Africa (BRICS nations are often cited).

Evaluating Other Options

  • Globalization: While related, globalization is a broader process of increased interconnectedness and interdependence, not specifically a theory defining this three-tiered hierarchy.
  • Stages of growth: This theory (e.g., Rostow's model) focuses on the internal development path of individual countries progressing through distinct stages, rather than the global exploitative relationships described by the core-periphery model.
  • Limits to growth: This theory focuses on the potential ecological and resource constraints to economic growth on a global scale, not the socio-economic stratification of nations.

Therefore, World systems theory provides the most accurate framework for understanding the described hierarchy of core, periphery, and semi-periphery nations.

Was this answer helpful?

Important Questions from Development: Liberal–Marxist–Dependency

  1. Which of the following statement(s) is/are CORRECT?
  2. Which of the following statement(s) about the modernisation theory is/are INCORRECT?
  3. In his critique of modernization theory, Raúl Prebisch posits which of the following option(s) as central to his liberal theory of dependency?
  4. ___________ theory postulates that developing economies would eventually catch up with the developed economies if they follow the social and economic models of Western capitalism.
  5. Which of the following is a process wherein socialist states guide economic growth through the planned allocation of public and human resources, as an alternative to allocation through the market?

Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App