Vicente, Raidenhile Mae CBET-20-202P

Contemporary World
Activity #3

According to the World Systems Theory, wealthy countries can benefit from and exploit
the citizens of poorer countries. This is contrary to the dependency theory. However,
this model recognizes that the minimal benefits in the global economic system enjoyed
by low-status countries. Sociologist Immanuel Wallerstein who developed the theory,
which asserts that a country's integration into the capitalist world system that
determines its economic development. According to Wallerstein, world economic
systems can be divided into three types of nations: core, semiperipheral, and peripheral.

The core nations regulate the majority of the world's capital and technology, as well as
the world's trade and economic agreements. They are also cultural areas that attract
artists and intellectuals. The United States, Japan, Germany, Australia, Belgium,
Canada, Denmark, and Italy are the dominant capitalist countries with high levels of
industrialization and urbanization. Core countries have high wages, high-technology
production patterns, and lower levels of labor exploitation and coercion.

While Algeria, Angola, Benin, Bolivia, and Botswana are examples of peripheral
countries, they are less developed than the core and semi-periphery countries and rely
on core countries for capital. They have weaker state institutions and are frequently
dependent on more developed nations. Periphery countries may have an unstable
government, inferior technology, and poor health and educational systems. Peripheral
countries are typically agrarian, have low literacy rates, and lack consistent Internet
access. Semiperipheral is the last type of world-system theory that states that these
countries are less developed than core countries but more developed than peripheral
countries. They serve as a buffer between core and peripheral countries. These
countries have organizational characteristics of both periphery and core countries, and
they are geographically located between two core areas, or periphery and core regions.
They exist to divide economic power between the periphery and core areas. They are
also known as the middle class. South Korea, Taiwan, Mexico, Brazil, India, Nigeria,
and South Africa are examples of semiperipheral countries.