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dorcah micah
on Nov 13, 2024

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Of all of the major theories of global inequality,world system theory comes closest to believing in what is called "trickle-down" economics.

World System Theory

A socioeconomic theory that views the global economy as a complex system governed by a capitalist world economy divided into core, semi-periphery, and periphery countries.

Global Inequality

The uneven distribution of resources, wealth, opportunities, and power across countries and populations worldwide.

Trickle-down Economics

An economic theory that advocates reducing taxes on businesses and the wealthy in society as a means to stimulate business investment in the short term and benefit society at large in the long term.

  • Grasp major theories of global inequality and their perspectives on economic dynamics.
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Jahaziel De HoyosNov 19, 2024
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