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15 cards from this deck
Adam Smith
Laissez-faire capitalism
Specialisation increases efficiency & productivity
Immanuel Wallerstein
Core, Semi-Periphery, Periphery
Wealthy, developed, strong economies & political power
Less developed, exploited for resources by core countries
From periphery (poor states) to core (wealthy states)
Neo-liberalism
Structural Adjustment Programs
IMF and World Bank
Collateral shocks in interconnected economies
13%
Global capitalism
Free markets, minimal govt intervention, global integration
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