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s1 {font-kerning: none}The world system theory is spawned by sociologist Immanuel Wallerstein. His approach to world history and civil revolution suggests that there is a world economic system in which some countries aid while others are overburdened. In its infrastructure, it takes a ranking approach to economics, which consists of core, periphery, and semi-periphery countries, in the context of international disparity. Humans cannot assimilate others demeanor without reference to their neighbors, experiences and practices, a nations’s economic system cannot be understood without quotation to the world system of which they are a part of. The main parts to this theory are of which the world system theory consists of three primary hierarchy levels as mentioned before. The core countries monopolize and exploit the peripheral countries for the job industry and crude goods. The peripheral countries are definitely further reliant on core countries. The semi-peripheral countries share attributes of both core and peripheral countries.
Essentially, the focal point of this ideology is on the design of global unfairness. Core countries are leading bourgeois countries that exploit peripheral countries They have a substantial military puissance and do not rely on any other country or state. These countries are more focused on bettering their skill of reaping more capacity. Core countries are remarkably powerful and exploit their workers. A prime example of a core country is one in which we live in today which is the United States. The United States has much global political and economic power.
Other core countries include Canada, United Kingdom, France, Japan, etc. Peripheral countries deal more with a vast amount of deficit, unstable governments and are economically marginalized in the global economic arena. Countries like these offer extreme low-cost labor and are often robbed by their own authority. Also, they are overwhelmingly underdeveloped. A recent occurrence in Honduras sparked an unstable government. Their elections were fraudulent and thus, led Honduras to have no president.
As a result, the citizens commenced to revolt. On the other hand, others marched for peace and to express their love for the country, handed roses to the authority. Examples include Haiti, Honduras, Liberia, etc. Semi-Peripheral countries are those in which are up and coming economies. They juice their natural resources from peripheral countries and sell bargain products to core regions. Examples of such include China, Mexico and India. Institutionalism states that a country should be anarchic and self focused.
They should seek for ways in order to survive while at the same time looking for ways to better themselves. In addition, they should search for ways to better their relations with surrounding countries for their own benefit. One benefit of institutionalism is trade. Knowing a country and wanting to trade with them becomes more easier and more possible (Horwitz & Bagley 2016, 36).Essentially, core countries and peripheral countries fall on the opposite ends of the spectrum.
