Question

The capitalist world economy is what Wallenstein (1974) would call a 'world system' this term refers to

a.

A means of transporting money between different areas of a country

b.

An empire with a bureaucratic administration but no political centre

c.

An awareness of risks and dangers that affect the environment as a whole

d.

A unit with a division of labor that extends across ethnic and cultural groups

Answer: (d).A unit with a division of labor that extends across ethnic and cultural groups

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Q. The capitalist world economy is what Wallenstein (1974) would call a 'world system' this term refers to

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