INTS 1500 Study Guide - Quiz Guide: World-Systems Theory, Periphery Countries, Scots Guards
2 Feb 2017
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Economic nationalism: as one goes up, the others must go down. Zero sum game if ) win, you lose (cid:523)we can(cid:495)t both win(cid:524) The wealth does get bigger though, theory is flawed because over time it pizza (wealth) is not going to get any bigger grows. The wealth can still be evenly split: ex: medium pizza split into 3 equal slices is less pizza (wealth) than a. Wealth is absolute (not relative) it will grow! Requirement of neoliberalism etc: devalue currency, liberalize trade and finance. Finance let capital move across the world wherever it wants, Make imports expensive and one(cid:495)s own exports cheaper: gov(cid:495)t should get out of the way, end inflation (macroeconomic stability, privatize. This makes others buy your stuff and import less stuff. Only the private sector can do this and do it will. World systems theory: group of core countries. Powerful countries (usa, etc. : semi-periphery countries. Does not have the value added into producing a finished product.
