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17 Cards in this Set

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Imperialism
The forceful extension of a nation's authority to other peoples by military, economic, and political domination.
Exploitation
Extracting profits from the resources and labor of others in an unjust way.
metropoles
the metropolitan (political, commercial, and military) centers of imperial powers
systematic inequality
deep-seated disparity in the distribution of wealth and/or power generated by colonialism and dependency.
terms of trade
relative price of exports and imports.
Division of labor
division of world markets into core, peripheral, and semi-peripheral areas.
Core states
large and leading countries that produce most of the innovative products, which enjoy an initial monopoly.
Peripheral states
smaller and less-developed countries that produce most of the competitive or lagging products after the monopoly qualities of these products have been substantially diminished.
Semi-peripheral states
states that produce a nearly even mix of monopoly and competitive products.
bonded labor
a form of unfree or indentured labor, typically a means of paying off loans with direct labor instead of currency or goods.
marginalization
the social process of making unimportant or powerless certain groups within a society, especially indigenous peoples and women.
digital divide
divide between advanced and developing countries in terms of access to the digital devices of the information age.
Max Weber
Author who argued that the Protestant Reformation spurred the economic growth of the West.
MNC
Multinational corporation
Thomas Friedman
Author that believes that globalization has made the world better. He adopts a liberal perspective on international trade.
Manisha Desai
Argues that globalization has led to the repression of women on a global scale.
GDP
Gross Domestic Product