According to Wallerstein’s capitalist world system

1. According to Wallerstein’s capitalist world system (the world system theory), how can you explain relations between developed countries and developing countries in economic development?

2. Why do ASEAN countries (except Singapore) failed to follow ‘Flying Geese Model’ in Asian economic development? Please explain.

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3. How is Adam Smith’s idea of market related to the world economy nowadays?

4. What are different between Chinese business networks and Western business model? Please explain.

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