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. Explain why world system theorists often argue that multinational
corporations act as a new or neocolonial economic force to periphery and semi-periphery countries.

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Answer:

Explanation:

  • The theory suggests that the world has an economic system where only few countries are benefitting by exploiting others.
  • The capitalist countries are taking resources from their world countries, make final products, and then sell them back in those countries.
  • Third world countries are only being exploited by the capitalists.

World system theorists argue that multinational corporations act as neocolonial economic force to periphery and semi-periphery countries since they exploit the resources of these countries for their own gain.

Who are world system theorists?

World system theorists are proponents of the world system theory which states that countries do not have individual economies but are part of a larger world economy divided into three parts; core, semi-periphery and periphery countries.

The world system theorists argue that multinational corporations act as a new or neocolonial economic force to periphery and semi-periphery countries. because:

  • The core capitalist countries obtain resources from their world countries, make final products, and then sell them back in those countries at higher cost.
  • The core core capitalist countries are supplying these countries what they do really need

Therefore, world system theorists often argue that multinational corporations act as a new or neocolonial economic force to periphery and semi-periphery countries because they exploit the resources of these countries for their own gain.

Learn more about world system theory at: https://brainly.com/question/9219400

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