IN THE CASE OF PHILIPPINES, HOW MUCH DO YOU THINK ARE WE INVOLVED IN THE MODERN WORLD-SYSTEM? WHAT DO YOU THINK ARE THE ADVANTAGES AND DISADVANTAGES OF BEING PART OF SUCH?
The geohistorical system in which we live is the modern world – system, which is a capitalist world-economy. There are three economic zones in the Modern World-System: core, periphery, and semi-periphery. These three economic zones share the same style of production and division of labor, but their availability is different. Whereas core nations have capital-intensive production with high waged labor and low labor exploitation and coercion, periphery countries have labor-intensive production with low waged labor and high labor exploitation and coercion in their low-technology industry. Semi-periphery countries occupy a middle ground, combining core and peripheral activities. Countries tend to fall into one of three interconnected zones in the current world system: core countries, semi-periphery countries, and periphery countries. In the case of our country, the Philippines is placed in periphery of the world economy. Thus, we can say that the Philippines is heavily involved