Globalization

Paper Summary:

Globalization plays a major role in the economy and sociology today. This paper discusses how it is important to understand what globalization is, how the world-systems theory explains inequalities between different parts of the world, and what is meant by core, semi-periphery and periphery. It is also important to understand the relevance of the history of European colonialism.
Introduction
Defining Globalization
World-Systems Theory
The Core, Semiperiphery, and Periphery
History of European Colonialism
Conclusion

From the Paper:

"A study concerning democracy and economic development of 138 countries between 1972 and 1992 showed that for developing countries (periphery) and newly industrializing countries (semiperiphery), economic development has a significant effect on democratic performance, yet in an opposite direction. Economic development actually leads to lower levels of democracy for these countries, although it was initially thought that any effect of economic conditions on democratic performance would be positive (Norris). Modern economists originally believed that "economic and (and social) development gives rise to a political culture more favorable to social peace, however the studies suggest the opposite occurs in reality due to the conflicts in society and politics that do not diminish through modernization but are usually sorely aggravated (Norris)."

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