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The relationship between international trade and world systems
The relationship between international trade and world systems
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
The relationship between international trade and world systems
The relationship between international trade and world systems is complex and multifaceted. International trade has played a significant role in shaping the world system, and the world system has, in turn, influenced patterns of international trade. In this blog, we will explore the relationship between international trade and world systems, the historical context of this relationship, and the impact of international trade on the development of the world system.
The world system theory is an approach to understanding the global political economy that emphasizes the interconnectedness of economies and the role of power relations in shaping economic development. The world system theory argues that there are core, semi-peripheral, and peripheral countries, with core countries dominating the global economy through their control of technology, finance, and trade. This theory suggests that the global economic system is not a level playing field, and that economic inequality is a result of the power relations between countries.
International trade has played a significant role in shaping the world system. The rise of international trade has been driven by a range of factors, including technological advancements, changes in transportation, and the liberalization of trade policies. The growth of international trade has enabled countries to specialize in the production of certain goods and services, and to exchange these goods and services with other countries.
However, the benefits of international trade have not been shared equally among all countries. The world system theory suggests that core countries have been the primary beneficiaries of international trade, while peripheral countries have been left behind. This is because core countries have been able to use their power and influence to shape the terms of trade in their favor, while peripheral countries have been forced to accept unfavorable trade terms.
The historical context of the relationship between international trade and world systems is important to consider. During the colonial era, European powers established colonies in Asia, Africa, and the Americas to extract resources and exploit labor. These colonies were integrated into the global economy through the transatlantic slave trade and the production of cash crops. This led to the development of a global economic system that was characterized by the exploitation of peripheral countries by core countries.
The impact of international trade on the development of the world system has been significant. The world system theory suggests that international trade has enabled core countries to accumulate wealth and power, while peripheral countries have been left behind. This has led to economic inequality and social unrest in many parts of the world.
However, the impact of international trade is not entirely negative. International trade has enabled countries to specialize in the production of certain goods and services, which has increased efficiency and lowered prices for consumers. International trade has also created new job opportunities and spurred innovation and technological advancement.
Moving forward, it is important to consider the relationship between international trade and world systems. International trade has the potential to contribute to economic growth and development, but it is important to ensure that the benefits of international trade are shared fairly among all countries. This requires a commitment to reducing economic inequality and promoting sustainable economic development.
In conclusion, the relationship between international trade and world systems is complex and multifaceted. International trade has played a significant role in shaping the world system, and the world system has, in turn, influenced patterns of international trade. The world system theory suggests that economic inequality is a result of power relations between countries, with core countries dominating the global economy. Moving forward, it is important to ensure that the benefits of international trade are shared fairly among all countries, and that the negative consequences of international trade are minimized.
The relationship between international trade and world systems
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QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. 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Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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