Which theory is a model of economic development that explains global inequality in terms of the historical exploitation of poor societies by rich societies?
A)modernization theory
B)world system theory
C)neocolonial theory
D)structural-functional theory

Question

Quizplus · Accepted Answer

World system theory is the model of economic development that explains global inequality in terms of historical exploitation. It argues that the global capitalist system is divided into a core, semi-periphery, and periphery, and that wealth flows from the periphery to the core through exploitative relationships facilitated by colonialism and imperialism.

Which Theory Is a Model of Economic Development That Explains