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Superpower

Terms in this set (7)

World Systems Theory
core, semi-periphery, periphery
- theory provides analysis rather than explanation as to why these categories exist
- identifies the inequalities of the system
Dependency Theory
Satellite and metropolitan countries
- IGOs work in favour of metropolitan countries + suppress developers of satellite countries
+ves/-ves of the dependency theory
- eurocentric bias, industrialisation is crucial for economic progress
- assumes third world countries are less developed
Modernisation theory
A deterministic approach based on the economic history of a number of developed countries.
- traditional society > preconditions for the take-off > Take-off > drive to maturity > high mass consumption
+ves/-ves of the modernisation theory
- stages may overlap
- based of Eurocentric patterns
The USA and EU account for how much of the worlds trade
~50%
China accounts for how much of the world's GDP?
15%
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