World System Theory

World system theory is a system of the international relations providing structralistic explanation of the global economy. IT divides the global economy into three parts of a pyramid. The top most part belonging to the Core countries. These are the most richest and developed nations. Then Semi Periphery nations who are seeking to elevate themselves to the core states like China, India etc. Then at the bottom Is the Periphery nations who are characterize by downtrodden people, and corrupt governments, subservient to Core nations. The unequal system of exchange of maintains that they are not given the chance to develop. They get obsolete technology and hollow aid in return of the natural resources and labor. This can also be explained through the concept of takers and maker, the core nations being the takers of the goods and the international decisions, whereas the periphery nations being the makers of those goods. General growth and prosperity is being enjoyed by the core naions, where as the periphery nations bear the burden of poverty. This theory of Core/ Periphery complement the World System Theory

Another important concept to be discussed here is World System analysis. It says that the core nations get the power through the system of Colonialism and neo colonialism. It is when the foreign power maintains political, social, economic, and cultural domination for an extended period. The dominant country leaves the dependent nation after expiring the natural resources or the cheap labor force. There is continued dependence on the more industrialized nations for technology and the political decisions There are unequal political and economic relations which are dominated by core countries of the world economic system. This is called world System analysis. Even if nations make economic advance, they remain weak and subservient to the core nations as they depend on their assistance. Another important point here is that there is a stable relation between the different categories of the nations. It is quite challenging to move from one categories to another one. Specially moving from the periphery nations to semi periphery nations is quite difficult.

Next is the Dependency Theory which says that the international system is exploitative and there is dominance of some countries over other.They argue that there are different kind of states which performs differently. First is the Center of the center (CC) which are the most powerful of the nations like USA, UK. Then Periphery of the center (PC) like Canada which are modern and industrialized but have a little less global power. Next is Center of the Periphery (CP) which are still developing but have a fair amount of wealth. The last one is Periphery of the Periphery (PP) includes Cambodia which are not even on the path of development. This distinction of the countries is due to the following main points:

1. International division of labor between all of these countries - The