4 - understanding economic globalization and key actors

global economy

worldwide network of trade

wallersteins world-system theory

focuses on economic, relationships, not just political colonization

core, semi-periphery, and periphery

wallersteins world-system theory divides world into

core

wealthy, powerful countries

periphery

transitional economies, some manufacturing and industry. both exploit and are exploited

semi-periphery

poorer countries, weak governments depend on exporting raw materials

international monetary fund (IMF)

support countries in economic crisis

international financial institutions (IFI)

world bank and asian development bank, fund infrastructure

transnational corporations (TNC’s)

large companies operating in multiple countries

global civil society

NGOs, advocacy groups, volunteers, push for human rights, disaster relief, climate action