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World-systems theory (also known as world-systems analysis or the world-systems perspective) [3] is a multidisciplinary approach to world history and social change which emphasizes the world-system (and not nation states) as the primary (but not exclusive) unit of social analysis. [3]
A world-system is a socioeconomic system, under systems theory, that encompasses part or all of the globe, detailing the aggregate structural result of the sum of the interactions between polities. World-systems are usually larger than single states , but do not have to be global.
World systems theory follows the logic that international wars or multinational financial disputes can be explained as attempts to change a location within the global market for a specific state or groups of states; these changes can have the objective to gain more control over the global market (to become a core country), while causing another ...
The interstate system is a concept used within world-systems theory to describe the system of state relationships that arose either as a concomitant process or as a consequence of the development of the capitalist world-system over the course of the "long" 16th century.
In world-systems theory, the periphery countries (sometimes referred to as just the periphery) are those that are less developed than the semi-periphery and core countries. These countries usually receive a disproportionately small share of global wealth.
Modern capitalism allowed for economies to extend beyond geographical and political boundaries, leading to the formation of the first worldwide economic system. [9] At the base of this world system was an international division of labor that determined countries' relationships and placement within the categories of the world system: core, semi ...
Immanuel Maurice Wallerstein (/ ˈ w ɔː l ər s t iː n /; [2] September 28, 1930 – August 31, 2019) was an American sociologist and economic historian.He is perhaps best known for his development in sociology of world-systems approach. [3]
The theory views the world system as a social system with a cultural framework called world polity, which encompasses and influences the actors under it. [2] According to the theory, world polity provides a set of cultural norms and directions that actors of the world society follow in dealing with problems and general procedures. [3]