Review Sheet for Quiz3

Review Sheet for Quiz3 - ReviewSheetforQuiz3 1)...

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Review Sheet for Quiz3 1) Describe the “modern world system.” Modern World System is the capitalist world economy that functions with  core,semiperiphery and periphery, it is a explanation that events and politics are of  results of economics at play  and the core is linked to the others dynamic and  exploitative 2) Identify new core nations of the 20 th  century. USA, GERMANY, UK, CANADA 3) Describe a world empire. A old system where political classical empires lead by political elites ruled, example  Alexander the Great, British Empire 4) Describe the work of Wallerstein. He argues of 2 global systems, the classical world empire and the new world economic  system, while the old empires of Greece and Rome was lead by political elites,  Wallerstein argues that around the time of 1450, with the colonization of areas by Spain  and Portugal, the world economic system emerged, where the business elites simply 
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Review Sheet for Quiz3 - ReviewSheetforQuiz3 1)...

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