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  THE MODERN WORLD – SYSTEM This history of colonialism inspired American sociologist Immanuel Wallerstein model of what he called the capitalist world economy. Wallerstein described high-income nations as the “core” of the world economy. This core is the manufacturing base of the planet, where resources funnel in to become the technology and wealth enjoyed by the Western world today. LOW-INCOME COUNTRIES • This are Wallerstein called the “periphery” – whose natural resources and labor support the wealthier countries. MIDDLE-INCOME COUNTRIES • Where such as India or Brazil are considered the semi-periphery due to their closer ties to the global economic core. THREE AASSUMPTIONS OF THE MODERN WORLD – SYSTEM: The Social System: • It is made up of cultural, political, and economic factors. The World Economy: • The world divided into three major regions, according to this theory (Core, Semi-Periphery and Periphery). The Interpretation: • State-strength and cultur...

Global Stratification Depending on their place in the global hierarchy, people in various countries have different access to resources and opportunities, as well as different living standards. For most of human history, many of the world's economies were weak, and poverty was the rule for everyone, but that is no longer the case. Global Stratification Affects the Life Cycle   • First, some sociologists argue that poor countries remain poor because they hang on to traditional attitudes and values, technology, and structures, such as traditional economic systems and forms of government, based on a theory of growth and modernization. Broad economic development, according to modernists, is the secret to reducing poverty in developing countries. • Second, dependency theory blames colonialism and neocolonialism (continuing economic dependence on former colonial countries) for global poverty. Countries have developed at an uneven rate because wealthy countries have exploited p...

  THEORIES OF GLOBAL STRATIFICATION   GLOBAL STRATIFICATION For much of human history, all of the societies on earth were poor, poverty was the norm for everyone but obviously, that is not the case anymore. Just as you find stratification among socioeconomic classes within a society like the Philippines, you would also see across the world a pattern of global stratification with inequalities in wealth and power between societies.   MODERNIZATION THEORY • One of the two main explanations for global stratification • This theory frames global stratification as a function of technological and cultural differences between nations   DEPENDENCY THEORY   • Is the condition in which the development of the nation • States of the South contributed to a decline in their dependence and to an increase in economic development of the countries of the North (Cardoso and Felato, 1979) • Was initially developed by Hans Singer and Raul Prebisch in the 19...

  Advantages and Disadvantages of Broad and Exclusive Globalization and Advantages and Disadvantages of Narrow and Exclusive Globalization GLOBALIZATION Globalization, to put it simply, is the mechanism by which people and goods move freely across borders.As ideas and customs are traded and assimilated, there is also a cultural component.Interaction, integration, and exchange among people, companies, and governments all over the world characterize it. Among the goods traded are: 1. Services 2. Technology 3 Investments 4. Information Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. However, disputes and diplomacy are also large parts of the history of globa...