1.4: Structuralism

Dependency theory and the Modern World Systems theory are two key pillars of the classical liberal perspective.

False

From the modern world systems perspective, the international system is more dynamics and divided into a capitalist core, a semiperiphery, and a periphery. In Wallerstein's theory, the international division of labor and exploitation is static.

False

Lenin argued that capitalism was able to delay its crisis through national economic expansion.

False

Raul Prebisch, an Argentine economist and prominent dependency theorist, attempted to pin down exactly the mechanism in the international economic system that explained this structure of dependency. He noted that the terms of trade inherently worked in favor of periphery nations at the expense of the core.

False

The academic ______________ is the father of Modern World System's theory

Immanuel Wallerstein

XX _____________ theorists introduced the concept of the "semiperiphery."

NOT world-systems OR dependency

How does neo-imperialism differ from classical imperialism?

States no longer take over their conquered country

According to dependency theory, why do LDCs remain underdeveloped?

Their dependence on industrialized nations prevents them from acquiring capital and technology for their own developments.

According to Andre Gunder Frank, Latin America's underdevelopment was not due to its supposed historical backwardness or presence of traditional societies but instead resulted from their exploitation by industrialized nations.

True

What Raul Prebisch meant by "terms of trade" was that the primary goods — commodities such as tea, sugar, coffee, tin, etc.—produced and exported by poor countries tended to decline in exchange value over time while the industrial goods produced by rich countries tended not to decline or declined at a much slower pace.

True

Lenin believed that capitalism was able to postpone its crisis by

exploiting less developed countries through imperialism

The dominant theoretical approach to development among Latin American intellectuals during the 1960s was ______________________ .

the Dependency Theory

The Modern World System theory looks at capitalism as:

the capitalistic interactions of core, semi-periphery, and periphery

The basic idea behind structuralism is that

the international system is one of explotation

Unlike dependency theory, world-systems theory

views development as possible for LCDs, even if it is dependent development