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Globalization and Political Sociology
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Which theory argues that the global economy is divided into a core, semi-periphery, and periphery, with the core countries exploiting the semi-periphery and periphery countries?
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A
World Systems Theory
💡 Explanation:
World Systems Theory, developed by Immanuel Wallerstein, argues that the global economy is divided into a core, semi-periphery, and periphery, with the core countries exploiting the semi-periphery and periphery countries through unequal exchange and the transfer of surplus value.