• A division of the world into 3 great regions: • Core: powerful center of the system: Western Europe/ North America
and Japan
• Periphery: those subordinated to core through colonialism (e.g. Latin
America, Africa, Asia, the Middle East and Eastern Europe) • Semi-periphery: moving down and up between the core and
periphery
• “Values flow from the periphery to the semi-periphery and then to
the core, as each region plays a functionally specific role within an
international division of labor that produces this basic structure of
exploitation and inequality”