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15 cards from this deck
Adam Smith
Minimal govt intervention, free markets
Market self-regulation without govt intervention
Increased efficiency & productivity through specialization
Immanuel Wallerstein
Wealthy, developed countries with strong economies & political power
Less developed countries, often exploited for resources
Mix of core & periphery traits, industrializing
Underdevelopment results from global capitalist integration
From periphery (poor) to core (wealthy) states
Neo-liberalism
Structural Adjustment Programs by IMF & World Bank
Estonia's economy declined 13% due to reduced remittances
IMF and World Bank
Global capitalism
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