In world-systems theory,the chief actors in the global free market system are:
A) capitalism and socialism
B) the first and second worlds.
C) Europe and the U.S.
D) nation-states and transnational corporations.

Question

Quizplus · Accepted Answer

According to world-systems theory, the two chief actors in the global free market system are nation-states and transnational corporations. Nation-states hold the power to regulate economic policies and provide legal frameworks for transnational corporations, while transnational corporations are the main actors in the global production and distribution of goods and services. Together, these two actors shape and drive the global economy.

In World-Systems Theory,the Chief Actors in the Global Free Market