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Wallerstein's world systems drawing on conflict view, described unequal economic and political relationships in which certain industrialized nations and their global corporations dominate core of the world's economic system Wallerstein's world systems(215) core nations: semipheriphery nation:marginal economic status periphery nation:poor dvlping country Relationship each other: core nations contorl/exploit noncore nations' economic; core nations relatively independen of outside control effects of colonialism occurs when a foreign power maintains political, social, economic, and cultural domination over a people for extended period("ruled by outsiders") effect of Globalization worldwide integration of government policies, cultures, social movements, and financial markets through trade and the exchange of ideas ...World Bank and International Monetary Fund emerged as key players in global economy ...Critics note violations of workers' rights, destruction of environment, loss of cultural identity, and discrimination against minority groups in periphery nations effects of modernization far reaching process where peripheral nations move from traditional institutions to characteristics of more developed societies ...mmbrs of societies undergoing modernization must shift allegiance from traditional sources of authority ...economic change does not always effect cultural change ...industrial and developing countries are "modern" ...conflict theorists note modernization of developing countries often perpetuates their dependence on industrialized nations effects of multinational corp(MC) in dvlping countries Functionalist view: believe that MC can help dvlping nation of world; through international ties, MC make nations of the world more interdependent Conflict view: MC exploit local workers to maximize profits; Investment by multinationals initially contributes to host nation's wealth, but eventually it increases economic inequality within developing nations effects of foreign investment by MC in developing countries in economic inequality (217) - it initially contribute to host nation's wealth, it eventually increase econimic inequality w/i dvlping nations US compare to other countires in foreign aid that we give (218) -US ranks 12th highest of 22 countreis - direct gov to gov foreign aid is not strong - individual charitable giving & remittances are much higer in US economic inequality in US -high among major countries (37:1) ineqality in Mexico Economy: gap =/= richest & poorest is one of the widest in world Race: Top is criollos, 10% of population who are typically white with Spanish familial roots; Bottom is the full-blooded Mexican Indian minority inequality in Japan Distributn of income:lowest among major countries (8:1) Gender: high degree of gender stratification Race: homogeneous Funtionalist view of role of MC ... Conflict view of role of MC ...