Which theory states that the more developed nations and the less developed nations make up and international division of labor?

The appropriate response is world-system theory. It is a hypothesis of modernization by Immanuel Wallerstein in which the spread of free enterprise is viewed as delivering a universal division of work between more-created and less-created countries. As indicated by this view, the more-created countries control the components or generation and less-created countries fill in as wellsprings of modest work and crude materials.