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Unformatted text preview: Lecture 3: 1 /14 /08 Globa l Stud ies C ON T I N UE D FROM L ECT URE 2 • The Emerging World System o Global trade today accounts for half of the value of Goods and services produced globally 30 years ago it was only a quarter o Today the trade is in factory-made goods and services 30 years ago it was only a quarter o Core-Periphery Hierarchy Core: strong states; high levels of economic development; high popular support; extract wealth from periphery (US, Europe, Japan, Australia, NZ, Shanghai) • Those countries that are basically able to extract wealth from poor countries Periphery: weak states; low levels of economic development; low popular support; yield wealth to core (Africa, most of Latin America, parts of Asia ( Sri Lanka, Bangladesh, maybe Pakistan)) Semi periphery: between core and periphery. Yield wealth to core peripheries, but also extracts wealth from peripheries. (China, India, Taiwan, Lorea, Brazil, Argentina, Chile…) • it is risky to identify countries with core, periphery, and semi...
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This note was uploaded on 04/07/2008 for the course GLOBAL STU 2 taught by Professor Appelbaum during the Winter '08 term at UCSB.
- Winter '08