SEMI- PERIPHE RY • Capitalist World Economy • Core- known as high income countries
• Periphery- Low income countries
• Semi- periphery- Middle class countries
Periphery is dependent to the core. Semi-periphery or middle class countries have more access to the core or rich countries. DEPENDENCY THEORY Poor countries depends on richer countries.
Dependency theory is not a ‘zero-sum game’
One country getting richer doesn't mean other countries are getting poor. WORLD ECONOMY • Although Colonialism left scars, it is not really the cause of economic disparties to other countries.
• Africa and Ethiopia were not colonialized but they had
very little contact with richer nations. Statistics: • People globally living on less than $25 per day has more than halved since 1981 going from 52% - 22% as of 2008.