MODERN WORLD

SYSTEM
 WALLESTEIN’S MODEL OF
CAPITALIST WORLD
ECONOMY

CORE dependent PERIPHERY

Rich SEMI- Poor countries

countries
PERIPHE
RY

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.