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 th...