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Wallerstein's definition follows dependency theory, which intended to combine the developments of the different societies since the 16th century in different regions into one collective development. The main characteristic of his definition is the development of a global division of labour, including the existence of independent political units ...
Dependency theory is the idea that resources flow from a "periphery" of poor and exploited states to a "core" of wealthy states, enriching the latter at the expense of the former. A central contention of dependency theory is that poor states are impoverished and rich ones enriched by the way poor states are integrated into the "world system".
In economics, the new international division of labour (NIDL) is an outcome of globalization.The term was coined by theorists seeking to explain the spatial shift of manufacturing industries from advanced capitalist countries to developing countries—an ongoing geographic reorganisation of production, which finds its origins in ideas about a global division of labor. [1]
Glocalization. Glocalization or glocalisation (a portmanteau of globalization and localism) is the "simultaneous occurrence of both universalizing and particularizing tendencies in contemporary social, political, and economic systems". [ 1 ] The concept comes from the Japanese word dochakuka and "represents a challenge to simplistic conceptions ...
Transnationalism as an economic process involves the global reorganization of the production process, in which various stages of the production of any product can occur in various countries, typically with the aim of minimizing costs. Economic transnationalism, commonly known as globalization, was spurred in the latter half of the 20th century ...
Global studies. Global studies (GS) or global affaires (GA) is the interdisciplinary study of global macro-processes. Predominant subjects are political science in the form of global politics, as well as economics, law, the sociology of law, ecology, environmental studies, geography, sociology, culture, anthropology and ethnography.
v. t. e. Global governance refers to institutions that coordinate the behavior of transnational actors, facilitate cooperation, resolve disputes, and alleviate collective action problems. [1][2][3] Global governance broadly entails making, monitoring, and enforcing rules. [4] Within global governance, a variety of types of actors – not just ...
Complex interdependence. Complex interdependence in international relations and international political economy is a concept put forth by Robert Keohane and Joseph Nye in the 1970s to describe the emerging nature of the global political economy. [1][2] The concept entails that relations between states are becoming increasingly deep and complex.