World Systems Analysis and Capitalism

The video explores why Western Europe dominated the world by the late 19th century, examining various theories and focusing on World Systems Analysis by Emanuel Wallerstein. This theory suggests a global division of labor with core, semi-periphery, and periphery countries. It explains the rise of capitalism and its mechanisms, such as mercantilism and industrialization. The video also critiques the theory's abstract nature and its inability to explain specific historical events. The conclusion invites further exploration of other theories.

What is one of the main criticisms of modernization theory as discussed in the video?

• It is based on outdated data.

• It is too focused on economic factors.

• It ignores the role of culture.

• It is overly simplistic.

What is the core idea behind World Systems Analysis?

• A global division of labor.

• The impact of climate on societies.

• The importance of cultural exchange.

• The role of technology in development.

According to World Systems Analysis, what defines the core countries?

• Their skilled labor force.

• Their military strength.

• Their cultural heritage.

• Their geographical location.

What economic system did Europe transition from before adopting capitalism?

• Mercantilism

• Feudalism

• Socialism

• Communism

What role did mercantilism play in the rise of capitalism according to the video?

• It focused on technological innovation.

• It protected industries with tariffs.

• It promoted free trade.

• It encouraged agricultural development.

How did Western Europe become the hegemonic power in the world?

• Through cultural assimilation.

• By establishing a global division of labor.

• Through technological advancements.

• By forming alliances with Eastern Europe.

What is a key prediction made by World Systems theorists?

• The rise of a new economic system.

• The decline of Western Europe.

• The end of globalization.

• The unification of all countries.

What is one major critique of World Systems Analysis?

• It is too focused on microeconomics.

• It fails to account for cultural factors.

• It overemphasizes the role of technology.

• It ignores the impact of climate change.

Why do some critics label Wallerstein as 'ultra-Smithian'?

• Because he emphasizes the role of the state.

• Because he combines ideas from both Marx and Smith.

• Because he focuses solely on Adam Smith's ideas.

• Because he rejects Marxist theories.

What is a limitation of World Systems Analysis in explaining Western hegemony?

• It ignores economic data.

• It does not consider military factors.

• It focuses too much on individual countries.

• It overemphasizes cultural aspects.