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15 March, 10:22

In 4-6 sentences, explain immanuel wallersteins core and periphery model of economic development.

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  1. 15 March, 13:34
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    Immanuel Wallerstein developed World Systems Theory and its three-level hierarchy: core, periphery, and semi-periphery. Core countries are dominant capitalist countries that exploit peripheral countries for labor and raw materials ... Semi-peripheral countries share characteristics of both core and peripheral countries.
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