Morgan takes the common view that economics must be viewed as independent nations engaged in diplomatic and economic relations with one another.Why would world-systems theorists critique this idea?
A)World-systems theorists would argue that we must not view the world as independent nations, but rather as continents of nations that compete for continental dominance of the market in the world system.
B)World-systems theorists would suggest that Morgan's view runs the risk of delegitimizing the neoliberal project of creating world market systems that could develop the entire globe.
C)World-systems theorists would assert that the world capitalist system is not merely a collection of independent nations but must be understood as a single world system.
D)World-systems theorists would respond that the current world system is actually a competition largely between the global North and the global South.
E)World-systems theorists would argue that the world system should actually be analyzed by looking at global finance as a competition between independent cities, with London and New York City as the world's centers of international finance.

Question

Quizplus · Accepted Answer

World-systems theorists would argue that viewing the world as independent nations engaged in diplomatic and economic relations with one another misses the larger picture of a single world capitalist system. They view the world system as a single entity made up of various regions or zones, each with a different level of development and position within the global economic hierarchy. This perspective sees the world system as a whole, rather than a collection of separate but interconnected national economies.

Morgan Takes the Common View That Economics Must Be Viewed