* most industerlized
* examples: USa, Canada, GB, France, Germany, Swiss, Japan, etc.
* \
* industerlizing
* 20 percent of earths land and 16 percent of its people
* people have lower incomes
* ex: former soviet union
* least industerlized
* 68% of worlds people and 49% of earths land
* poverty
* Colonialism
* the process in which one nation takes over another nation making a colony of it to exploit labor and natural recourses usually
* purpose was to establish economic colonies
* World systems theory
* a theory of how economic an political connections develop among nations
* this theory led to 4 nations:
* core nations: countries that were industrialized first (Britian, france, etc)
* semiperiphery: Mediterranean countries depended on trade with core nations
* fringe nations: eastern European countries which sold cash crops to core nations
* external area: these nations were left of the development of capitalism
* dependency theory
* neocolonialism
* the economic and political dominance of the least industerlized mations by the most industerlized nations