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What is Capitalist World Economy in Globalization about?

The document discusses the origins and definitions of key concepts related to globalization, including: 1) The modern world-system originated in the 16th century primarily in Europe and the Americas and has since expanded globally, operating as a capitalist world economy. 2) A world economy is a large geographic zone with significant internal exchange of goods, flows of capital and labor. 3) Capitalism prioritizes the endless accumulation of capital over other systems where people may produce for sale

Author

Trisha Lei Dela Rosa

Language

EN