Describe the impact the global supply chain has on the supply and demand and how developing and core countries are affected differently.

Question

6. Consider the supply and demand for a cash crop such as palm oil.

Answer 1

Refer to Wallerstein's Core-Periphery model in your response. The international division of labor would be another consideration for this FRQ question. There is an interdependency between core, semi-periphery, and periphery countries economically. The action verb of this response is "describe" which means your response should be in the ballpark of 3-4 sentences (not an exact science). You will need to first answer the question (there are a lot of ways you can answer this one), then provide an example and/or characteristic of the concept you are analyzing.