AFTER MARX (WK1)

AFTER MARX (WK1)

1. WALLERSTEIN WORLD SYSTEM

   • CORE
     • Central Gov
     • surplus
     • de-territorialisation
     • resources in cheap
     • goods out $$$
     • Great Britan
   • PERIPHERY
     • eg. Latin America
       • encomienda
       • destroy indigenous authority
       • Weak bureaucracies
     • unequal trade w/ core
     • raw material to core
   • SEMI- PERIPHERY
     • core decline/ periphery to WES
     • Spain- exploit colonies
     • eg. Portugal, Spain, Italy, South Germany, South France
     • coercive labor
   • External
     • Own economic system outside world economy
     • Russia
       • internal trade > external

2. CAPITALISM

   • abosorption of economic loss by political entities and surplus by private

3. DEPENDANCY THEORY

   • Wallerstein
   • critique modernisation theory
   • explain: why countries didn't reach western level through same path
   • dependency = capitalism = exploitation
     • neo-marx

4. METROPOLIS-SATELLITE RELATIONS

   • Franke
   • national + supranational
   • interdependency
   • suck surplus to world economy

5. UNDERDEVELOPMENT

   • lumpenbourgeoisie
     • development of underdevelopment
     • latin america elite colonialism

6. MODERNISATION THEORY

   • how to reach western development
   • how to western economy
   • neo-liberalist
   • aid = no poverty = economy

7. DIVISION OF LABOR

   • Geographical
   • Resources

8. CAPITAL ACCUMULATION

   • neo-liberalist

9. UNEQUAL EXCHANGE

   • trade monopolised by core for their benefit

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