Chapter 14 - Chapter 14 The World System and Colonialism:...

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Chapter 14 – The World System and Colonialism: The World System: The world system and the relations among the countries within it are shaped by the capitalist world economy. A huge increase in the international trade during and after the 15 th century led to the capitalist world economy (352) , a single world system committed to the production for sale or exchange, with the object of maximizing profits rather than supplying domestic needs. Capital refers to wealth or resources invested in business, with the intent of using means of production to make a profit. The key claim of world-system theory is that an identifiable social system, based on wealth and power differentials, extends beyond individual countries. Can be traced back to Fernand Braudel Wallerstein - countries within the world system occupy three different positions of economic and political power: 1) Core (dominant positions in the world system; nations with advanced systems of production) 2) Periphery (weakest structural and economic position in the world system) 3) Semiperiphery (position of the world system intermediate between core and periphery) Industrialization: By the 18 th century the stage had been set for by the Industrial Revolution (353) – the historical transformation (in Europe after 1750) of “traditional” into “modern” societies through industrialization of
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This note was uploaded on 06/20/2011 for the course ANT 220 taught by Professor Merle during the Fall '09 term at Wayne State University.

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Chapter 14 - Chapter 14 The World System and Colonialism:...

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