Anthro Chapter 14 – Flashcards

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capitalist world economy
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profit-oriented global economy based on production for sale
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capital
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wealth invested with the intent of producing profit
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world-system theory
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idea that a discernible social system, based on wealth and power differentials, transcends individual countries
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core
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dominant position in the world system; nations with advanced systems of production
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semiperiphery
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position in the world system intermediate between core and periphery
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periphery
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weakest structural and economic position in the world system
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bourgeoisie
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owners of the means of production
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imperialism
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policy aimed at seizing and ruling foreign territory and peoples
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colonialism
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long-term foreign control of a territory and its people
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postcolonial
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describing relations between European nations and areas they colonized and once ruled
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intervention philosophy
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ideological justification for outsiders to guide or rule native peoples
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neoliberalism
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principle that governments shouldn't regulate private enterprise; free market forces should rule
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communism
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political system in which property is owned by the community; people working for the common good
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COMMUNISM
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political movement aimed at replacing capitalism with Soviet style communism
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The modern world system is?
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a system of global dimensions in which nations are economically and politically interdependent
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What are four true statements about world system theory?
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countries within the world system occupy three different positions of economic and political power (core, periphery, semiperiphery), it sees society consisting of parts assembled into an interrelated system, it claims that a set of economic and political interconnections has characterized much of the globe since the 16th century, it is based on political and economic specialization and interdependence
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The increasing dominance of world trade has led to what?
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the capitalist world economy, a single world system committed to production for sale or exchange, with the object of maximizing profits rather than supplying domestic needs
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What fueled the European "Age of Discovery"?
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european commercial interest in exotic raw materials
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What spurred the growth of a market for sugar in Europe?
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the development of the trans-atlantic slave trade and plantation economies in the americas
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Marx argues that class consciousness comes about as a result of what?
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people recognizing they have a commonm economic interest and identifying themselves as part of the group that shares that interest
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Colonialism refers specifically to what?
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the political, social, economic and cultural domination of a territory and its people by a foreign power for an extended period of time
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Since the fall of Communism, neoliberalism has what?
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has been an influential intervention philosophy that has become a popular doctrine of power financial institutions
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One affect of the spread of industrialization has been what?
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the destruction of indigenous economies, ecologies, and populations
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What refers to wealth or resources invested in business with the intent of producing a profit?
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capital
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According to Weber, what are the three dimensions of social stratification?
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wealth, power, prestige
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What is an ideological justification for outsiders to guide native peoples in specific directions?
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intervention philosophy
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What term is used to describe the relations between European countries and their former colonies in the second half of the 20th century?
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postcolonial
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