Sunday, April 5, 2026

World-Systems Theory -- Global Inequality

 


First Part: 0-7’: 

  1. What is the purpose of the video?

  2. Explain Modernization Theory. 

  3. What is Structuralism (in the context of 

World Economy)?

  1. What are Structural Adjustment Programs?

  2. Explain the main points of Dependency Theory,

and why is it deeply related to Latin America.

  1. Explain Wallerstein’s approach:

  2. Core-Periphery, and Semiperiphery.

  3. What are his “cycles” of History?

  4. Compare Wallerstein’s system to Dependency

Theory. 

  1. Why is Wallerstein’s theory still popular among 

Marxists?

………………………………………………………….

Second Part: 7’ - 14’:

  1. Explain the main concepts developed in the 

book Why Nations Fail?

  1. Explain the main concepts developed in the 

Book The Bottom Billion. 

  1. If a low-income country were to suddenly discover 

substantial natural resource reserves, what are 

the challenges it would be likely to encounter? 

  1. After reviewing Gary Gereffi’s study about transnational 

pharmaceutical corporations in Mexico, what can be 

said about dependency? Is it a systemic inherence of 

capitalism? What’s your opinion?

...................................................................

“Firms may pay bribes to obtain government 

benefits or to avoid costs… Such payments can 

become routine, part of the normal cost of doing business.”

“Illegal payments are often hidden as legitimate expenses 

in company accounts.” 

(Susan Rose-Ackerman — 

Corruption and Government (1999))


World-Systems Theory -- Global Inequality

  First Part: 0-7’:  What is the purpose of the video? Explain Modernization Theory.  What is Structuralism (in the context of  World Econo...