world system theory:
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World System Theory: Why does global economic development favour Advanced Industrialized Countries (AICs)?. Structure of the World System& the Organizations that maintain the system. G 8. IMF. G 20. World Bank. G 10. WTO. - PowerPoint PPT PresentationTRANSCRIPT
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World System Theory:
Why does global economic development favour Advanced Industrialized Countries (AICs)?
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Structure of the World System& the Organizations that maintain the system
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G8 member countries:Canada JapanFrance RussiaGermany The United KingdomItaly The United States
G8 countries are major industrial economies. Their heads of state or of government hold yearly summits to discuss the major economic and political issues.
http://www.imf.org/external/np/exr/facts/groups.htm#G20
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Argentina France Japan South AfricaAustralia Germany Korea, Republic of TurkeyBrazil India
Mexico The United KingdomCanada Indonesia Russia The United StatesChina Italy Saudi Arabia The European Union
G-20: Advanced Industrial & Emerging Market Economies Estab.1999
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G 20 of Industrial Economies and Emerging-market Economies(Group of Twenty Finance Ministers and Central Bank Governors)
Estab: 1999
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AICs whose central banks cooperate to regulate international finance (original 10 of IMF +1) (estab. 1962 ) The current G10 member states are:
1. Belgium2. Canada3. France4. Germany5. Italy6. Japan7. Netherlands8. Sweden9. Switzerland (1969)10. United Kingdom11. United States
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Argentina Bolivia Brazil Chile China Cuba Ecuador Egypt Guatemala India
Indonesia Mexico Nigeria Pakistan Paraguay Peru Philippines South Africa Tanzania Thailand Uruguay Venezuela Zimbabwe
Developing Countries 20+3 (estab2003) accounts for 60% of the world's population, 70% of its farmers and 26% of world’s agricultural exports.
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World System Theory:
• Core vs. periphery
• Colonizers vs. Colonized
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http://people.hofstra.edu/geotrans/eng/ch2en/conc2en/coreperiphery.html
Core-semi periphery-periphery countries
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http://www.mapsofworld.com/world-political-map.htm
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IMF: http://www.youtube.com/watch?v=XYkUkTkN060 (1min)
WB & IMF: http://www.youtube.com/watch?v=_xgxCf05Kmw(3 min) (2007)A clip from the documentary "The New Rulers of The World" by film maker John Pilger.The WB and the IMF control most of the world's cash flow.Please check out all of John Pilger's documentaries.
WB: http://www.youtube.com/watch?v=c7E9SUwlooE (8min)Published on Jun 21, 2013 Abby Martin talks to Karen Hudes, former senior executive at the World Bank, about her experience blowing the whistle on the high level corruption within the international financial system and how her story was censored. (view at home)
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Colonialism & imperialism 8min (2012)http://www.youtube.com/watch?v=7TCbf4E_Njo
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http://en.wikipedia.org/wiki/Image:Colonisation2.gifSource for maps
http://en.wikipedia.org/wiki/Colonialism see below
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World map of colonialism in 1800.
http://en.wikipedia.org/wiki/Colonialism
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Britain France Spain Portugal Netherlands German Reich Ottoman Belgium Russia Japan Qing China Austro-Hungary
Denmark USA Italy Independent countries
Global Colonial Empires established by Colonizing Nations by 1914
http://en.wikipedia.org/wiki/Colonialism
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World map of colonialism at the end of the Second World War in 1945.
http://en.wikipedia.org/wiki/Colonialism
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Colonialism in Africa 1914
http://www.google.ca/
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Which arguments of the DW authors exemplify WST’s explanation on ‘development’? (Find from DW articles)WST explains:1.World system (WS) represents a hierarchy of power2.Core’s control of the global market is through the established territorial division of labor reinforced by the World system 3.The system reinforces unequal trade relations between core and peripheral countries, which increases differential flow of surplus to the Core4.Ownership of advanced technology is a central factor in the positioning of a region in the Core or the Periphery.
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5. New Division of Labour (NDL): Periphery does labor-intensive and the Core does capital-intensive production
PUT-NDLP power hierarchyU unequal exchangeT technology-advancedNDL new division of labour
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http://www.dailymotion.com/video/xgiotc_the-modern-world-system_news 2 min
http://www.dailymotion.com/video/xgiopw_international-unequal-exchange_news1.26min
http://www.dailymotion.com/video/xgiosc_axial-division-of-labour_news?ralg=meta2-only#from=playrelon-2
1.46min