Changing World Systems

The model doesn't explain the rise of the BRICs According to the model peripheral countries cannot develop without outside help

North south pattern began to break down in the 1980s because of;Rise of Asian Tigers economies that broke free from poverty and underdevelopmentWallerstein's ideas are partly related to the economic theory of supercycles. Collapse of the USSR and Eastern European communism in 1990Rise since 1990 of other major economies i.e. BRICsWallerstein's world systems theory views the world as divided into 3 rather than 2; core, semi-periphery and peripheryBRICs/NICs have a chance of further growthBRICs exploit the periphery's resources

Traditional Society - basic, low economy and infrastructure, subsistence agriculture e.g. MolawiPre-conditions to take off - start to develop, TNC investment e.g. EthiopiaTake off - rapid development, industrial manufacturing e.g. VietnamDrive to maturity - more developed technology, tertiary service industries e.g. BRICsHigh mass consumption - quarternary/tertiary, high standard of living, high income e.g. UK, USA, Japan