World Systems Theory

There is nothing unique about the situation in Iraq in terms of the distribution of income and wealth and the resulting high levels of poverty in most parts of the population. The wealthy in the world - and this is certainly true in the Pacific and Asian regions - have vastly more than their fair share of wealth. Wealthy nations exploit poorer nations, and within each country the wealthy of that nation exploiting the poor among them. This stratification of power and wealth has been carefully studied by sociologists and other scholars, who have created a number of models to explain the effects of such stratification both within a given society and on the "world system" of all societies, as Danaher and Burbach (2000) argue.

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tates, which is sometimes considered to be a Pacific country and sometimes not) are in general Fourth World countries while the industrialized Asian countries such as Japan are First World countries. Wallerstein's model is based on the idea that we are all linked economically to one another. Companies (and individuals) make key decisions about how to invest capital within in a world context and on a global scale. It is no longer countries but giant multinational corporations that are the most significant new actors on the world stage - and this fact has a substantial effect on the ways in which different regions will experience economic growth and prosperity. Companies now send their manufacturing plants to the Third World (i.e. to the periphery) because labor costs are cheaper there while they keep their R&D divisions in the First World (i.e. the core) where the necessary trained workers are - and then declare their profits in whatever country has the lowest taxes. This divvying up the world across national lines by multinationals tends to keep those countries that are already poor in the periphery and those already in the core to remain wealthy, and even to grow wealthier. We can perhaps see the effects of such stratification
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Some common words found in the essay are:
Third World, Asia Pacific, Fourth World, , Magnon Homo, Japan World, Pacific Asian, Danaher Burbach, Cuba African, Systems Research, hindu women, world system, economic political, cultural religious, indian women, asia pacific region, journal world, legal protections, world systems, 1 3, ten percent, poverty asia pacific, journal world systems, research 1 3, systems research 1,
Approximate Word count = 1567
Approximate Pages = 6 (250 words per page)

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