Site MapHelpFeedbackKey Terms
Key Terms
(See related pages)


bourgeoisie  One of Karl Marx's opposed classes; owners of the means of production (factories, mines, large farms, and other sources of subsistence).
capital  Wealth or resources invested in business, with the intent of producing a profit.
capitalist world economy  The single world system, which emerged in the 16th century, committed to production for sale, with the object of maximizing profits rather than supplying domestic needs.
colonialism  The political, social, economic, and cultural domination of a territory and its people by a foreign power for an extended time.
communism  Spelled with a lowercase c, describes a social system in which property is owned by the community and in which people work of the common good.
Communism  Spelled with a capital C, a political movement and doctrine seeking to overthrow capitalism and to establish a form of communism such as that which prevailed in the Soviet Union (USSR) from 1917 to 1991.
Core  Dominant structural position in the world system; consists of the strongest and most powerful states with advanced systems of production.
imperialism  A policy of extending the rule of a nation or empire over foreign nations and of taking and holding foreign colonies.
indigenous peoples  The original inhabitants of particular territories; often descendants of tribespeople who live on as culturally distinct colonized peoples, many of whom aspire to autonomy.
Industrial Revolution  The historical transformation (in Europe, after 1750) of "traditional" into "modern" societies through industrialization of the economy.
intervention philosophy  Guiding principle of colonialism, conquest, missionization, or development; an ideological justification for outsiders to guide native peoples in specific directions.
neoliberalism  Revival of Adam Smith's classic economic liberalism, the idea that governments should not regulate private enterprise and that free market forces should rule; a currently dominant intervention philosophy.
periphery  Weakest structural position in the world system.
postcolonial  Referring to interactions between European nations and the societies they colonized (mainly after 1800); more generally, "postcolonial" may be used to signify a position against imperialism and Eurocentrism.
semiperiphery  Structural position in the world system intermediate between core and periphery.
working class, or proletariat  Those who must sell their labor to survive; the antithesis of the bourgeoisie in Marx's class analysis.
world-system theory  Argument for the historic and contemporary social, political, and economic significance of an identifiable global system, based on wealth and power differentials, that extends beyond individual countries.







Kottak 7eOnline Learning Center

Home > Chapter 10 > Key Terms