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PSIR Optional PYQ Solutions · Model answer

How has the development of Global Capitalism changed the nature of socialist economies and developing societies?

  • UPSC 2017
  • 15 marks
  • Key Concepts in International Relations

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For Immanuel Wallerstein, capitalism has formed a single world-economy since the "long sixteenth century", stratified into core, semi-periphery and periphery. It spread through the Bretton Woods institutions after 1945 and reached almost everywhere after 1989. It did not so much defeat the socialist and post-colonial projects as absorb them on terms it set; what varied…

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What the full answer covers

  • Socialist economies: from withdrawal to absorption
  • Developing societies: integration with asymmetric gains
  • Contending readings
  • Conclusion
PSIR Optional PYQ Solutions

PSIR Optional PYQ Solutions

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