Describe the theory of the world system.
Share
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Describe the theory of the world system.
World System Theory, developed by sociologist Immanuel Wallerstein in the 1970s, offers a framework for understanding the global economic and political system. Here's a brief note on this theory:
Core-Periphery Model: World System Theory divides the world into three interconnected zones – the Core, the Semi-Periphery, and the Periphery. The Core comprises wealthy, industrialized nations with economic dominance, while the Periphery includes less-developed countries exploited for their cheap labor and resources. The Semi-Periphery serves as a transitional zone between the two.
Historical Perspective: Wallerstein's theory takes a historical approach, tracing the development of the world system from the emergence of capitalism in the 16th century to the present. It examines how the capitalist world economy has evolved through cycles of economic expansion and contraction.
Dependency and Exploitation: World System Theory highlights the exploitation of Periphery nations by Core nations, leading to economic dependency, unequal exchange, and the perpetuation of underdevelopment in the Periphery.
Structural Causes of Inequality: The theory argues that global inequality is not solely due to individual or national actions but is rooted in the structural dynamics of the world system, including unequal trade relations and economic imbalances.
Role of State and Capitalism: It emphasizes the interplay between states and capitalism in shaping the world system, with powerful Core nations using their economic and political influence to maintain dominance.
Calls for Change: World System Theory calls for a more equitable global economic order and highlights the need for collective action to challenge and transform the existing system to reduce global disparities.
Overall, World System Theory provides a framework for analyzing the dynamics of the global economy and the structural factors contributing to global inequality, shedding light on the complexities of the modern world order.