Global 130 First Midterm Review

Global 130 First Midterm Review - 1 Global 130 First...

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Global 130 First Midterm Review Tuesday, September 29 The Dynamics of Economic Globalization Hall and Chase-Dunn, Ch. 3: “Global Social Change in the Long Run” Argument World-systems theory is an important contributor in analyzing the global political economy. Core- periphery hierarchy occurs in waves and cycles where countries can move up and down within the hierarchy. Semi-peripheries play a very important role as the main agents of empire formation and commercialization. Main Points With the emergence of globalization, a comparative world-systems perspective came about as a strategy to explain social change and interactions (trade, information flow, alliances, and fighting) on whole intersocietal systems. Modern world system- a single economy composed of international trade and capital flows (transnational corporations) o A system of competing and allying states o Multicentric- meaning there is no world state, but a system of states o Multicultural Important concepts: o Polity - any organization with a single authority that claims sovereign control over a territory or a group of people o Nations - groups of people who share a common culture and common language o States - formal organizations such a bureaucracies that exercise and control legitimate violence within a specific territory Nation - states - a single nation has its own state o Multinational states- more than one nation is controlled by the same state Core-periphery hierarchy - a system of stratification in which socially structured inequalities are reproduced by the institutional feature of the system; there is a continuum of economic and political-military power that constitutes the hierarchy; nature of the relationship between societies, when some societies are exploiting or dominating other societies Spectacular case of upward mobility in the hierarchy: the United States Example of downward mobility: Great Britain Oil-exporting countries: have wealth, but not development- proof that the core-periphery hierarchy does not explain every single case Core-periphery differentiation- societies with different degrees of population density, polity size, and internal hierarchy are interacting with one another o Ex: village dwellers interacting with nomadic neighbors Hegemonic sequence - hegemons provide leadership and order for the interstate system and the world economy, but uneven economic development and competition among states makes it difficult for hegemons to sustain their dominant positions o Dutch- 17 th century, Great Britain- 19 th century, US- 20 th century Spatial Boundaries of World-Systems: Types of networking o Bulk goods network- food and basic raw materials; they have a low value per unit of weight, do not go too far o Prestige goods network - (jewels, spices) go a much longer way than bulk goods o Down-the-line trade- early trade in which goods were passed from group to group o Place-centric approach- a good place to start in order to bound interaction networks
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