World System Theory:

Why does global economic development favour Advanced Industrialized Countries (AICs)?

Structure of the World System& the Organizations that maintain the system

G8 member countries:Canada JapanFrance RussiaGermany The United KingdomItaly The United States

G8 countries are major industrial economies. Their heads of state or of government hold yearly summits to discuss the major economic and political issues.

http://www.imf.org/external/np/exr/facts/groups.htm#G20

Argentina France Japan South AfricaAustralia Germany Korea, Republic of TurkeyBrazil India

Mexico The United KingdomCanada Indonesia Russia The United StatesChina Italy Saudi Arabia The European Union

G-20: Advanced Industrial & Emerging Market Economies Estab.1999

G 20 of Industrial Economies and Emerging-market Economies(Group of Twenty Finance Ministers and Central Bank Governors)

Estab: 1999

AICs whose central banks cooperate to regulate international finance (original 10 of IMF +1) (estab. 1962 ) The current G10 member states are:

1.  Belgium2.  Canada3.  France4.  Germany5.  Italy6.  Japan7.  Netherlands8.  Sweden9.  Switzerland (1969)10.  United Kingdom11.  United States

 Argentina Bolivia Brazil Chile China Cuba Ecuador Egypt Guatemala India

Indonesia  Mexico  Nigeria  Pakistan  Paraguay  Peru  Philippines  South Africa  Tanzania  Thailand  Uruguay  Venezuela  Zimbabwe

Developing Countries 20+3 (estab2003) accounts for 60% of the world's population, 70% of its farmers and 26% of world’s agricultural exports.

World System Theory:

• Core vs. periphery

• Colonizers vs. Colonized

http://people.hofstra.edu/geotrans/eng/ch2en/conc2en/coreperiphery.html

Core-semi periphery-periphery countries

http://www.mapsofworld.com/world-political-map.htm

IMF: http://www.youtube.com/watch?v=XYkUkTkN060 (1min)

WB & IMF: http://www.youtube.com/watch?v=_xgxCf05Kmw(3 min) (2007)A clip from the documentary "The New Rulers of The World" by film maker John Pilger.The WB and the IMF control most of the world's cash flow.Please check out all of John Pilger's documentaries.

WB: http://www.youtube.com/watch?v=c7E9SUwlooE (8min)Published on Jun 21, 2013 Abby Martin talks to Karen Hudes, former senior executive at the World Bank, about her experience blowing the whistle on the high level corruption within the international financial system and how her story was censored. (view at home)

Colonialism & imperialism 8min (2012)http://www.youtube.com/watch?v=7TCbf4E_Njo

http://en.wikipedia.org/wiki/Image:Colonisation2.gifSource for maps

http://en.wikipedia.org/wiki/Colonialism see below

World map of colonialism in 1800.

http://en.wikipedia.org/wiki/Colonialism

  Britain   France   Spain Portugal  Netherlands   German Reich   Ottoman   Belgium   Russia   Japan   Qing China   Austro-Hungary

   Denmark   USA   Italy   Independent countries

Global Colonial Empires established by Colonizing Nations by 1914

http://en.wikipedia.org/wiki/Colonialism

World map of colonialism at the end of the Second World War in 1945.

http://en.wikipedia.org/wiki/Colonialism

Colonialism in Africa 1914

http://www.google.ca/

Which arguments of the DW authors exemplify WST’s explanation on ‘development’? (Find from DW articles)WST explains:1.World system (WS) represents a hierarchy of power2.Core’s control of the global market is through the established territorial division of labor reinforced by the World system 3.The system reinforces unequal trade relations between core and peripheral countries, which increases differential flow of surplus to the Core4.Ownership of advanced technology is a central factor in the positioning of a region in the Core or the Periphery.

5. New Division of Labour (NDL): Periphery does labor-intensive and the Core does capital-intensive production

PUT-NDLP power hierarchyU unequal exchangeT technology-advancedNDL new division of labour

http://www.dailymotion.com/video/xgiotc_the-modern-world-system_news 2 min

http://www.dailymotion.com/video/xgiopw_international-unequal-exchange_news1.26min

http://www.dailymotion.com/video/xgiosc_axial-division-of-labour_news?ralg=meta2-only#from=playrelon-2

1.46min