MODERN WORLD SYSTEM

WALLESTEIN’S MODEL OF
CAPITALIST WORLD ECONOMY

CORE dependent PERIPHERY

Rich countries Poor countries

SEMI-
PERIPHERY

Middle class countries

 DEPENDENCY THEORY
Poor countries depends on richer countries.
Statistics:
• People globally living on less than $25
per day has more than halved since
1981 going from 52% - 22% as of 2008.