Chapter 10

  1. Bourgeoisie
    One of Karl Marx's opposed classes; owners of themeans of production(factories, mines, large fams, and other sources of subsistence)
  2. Capital
    Wealth or resources invested in business, with the intent of producing a profit
  3. Capitalist World Economy
    The single world system, which emerged in the 16th century, committed to productin for sale, with the object of maximizing profits rather than suppling domestic needs
  4. Colonialism
    The political, social, economic, and cultural domination of a territory and its people by a foreign power for an extended time.
  5. Communism
    Spelled with a capital C, a political movement and doctrine seeking to overthrow capitalism and to establish a form of communism such as that which prevailed in the Soviet Union(USSR) from 1917 to 1991
  6. communism
    Spelled with a lower case c, described a social system in which property is owned by the community and in which people work of the common good
  7. Core
    Dominant structural position in the world system; consists of the strongest and most powerful states whith advanced systems of production
  8. Imperialism
    A policy of extending the rule of a nation or empire over foreign colonies
  9. Indigenous Peoples
    The original inhabitants of particular territories; often descendants of tribespeople who live on as culturally distinct colonized peoples, many of whom aspire to autonomy
  10. Industrial Revolution
    The historical transformation( in Europe, after 1750) of "traditional" into "modern" societies through industrialization of the economy
  11. Inervention Philosophy
    Guiding principle of colonialism, conquest, missionization, or development; an ideological justification for outsiders to guide native peoples in specific directions
  12. Neoliberalism
    Revival of Adam Smith's classic economic liberalism, the idea that governments should not regulate private enterprise and that free market forces should rule; a currently dominant intervention philosophy
  13. Periphery
    Weakest structural position in the world system
  14. Postcolonial
    Referring to interactions between European nations and the societies they colonized (mainly after 1800); more generally,"postcolonial" may be used to signify a position against imperialism and Eurocentrism
  15. Semiperiphery
    Structural position in the world system intermediate between core and periphery
  16. Working Class, or Proletariat
    Those who must sell their labor to survive; the antithesis of the bourgeoisie in Marx's class analysis
  17. World-system Theory
    Argument for the historic and contemporary social, political, and economic significance of an identifiable global system, based on wealth and power differentials, that extends beyonf indivdual countries
Card Set
Chapter 10
The World System and Colonialism