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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]
This approach is known as the world-system theory. Wallerstein located the origin of the modern world-system in 16th-century Western Europe and the Americas. An initially slight advance in capital accumulation in Britain , the Dutch Republic , and France , due to specific political circumstances at the end of the period of feudalism, set in ...
The world-systems theory argues that a state's future is decided by their stance in the global economy. A global capitalistic market demands the needs for core (wealthy) countries and semi-peripheral or peripheral (poor) countries. Core states benefit from the hierarchical structure of international trade and labor.
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.
Chase-Dunn is the author, co-author, editor, or co-editor of over a dozen books, including most notably Global Formation: Structures of The World-Economy, a major theoretical synthesis and restatement of the world-systems approach to the study of social change.
In world-systems theory, periphery countries are those that are less developed than the semi-periphery and core countries. These countries usually receive a disproportionately small share of global wealth. They have weak state institutions and are dependent on — and, according to some, exploited by — more developed countries.
In world-systems theory, semi-periphery countries are the industrializing, mostly capitalist countries which are positioned between the periphery and core countries.Semi-periphery countries have organizational characteristics of both core countries and periphery countries and are often geographically located between core and peripheral regions as well as between two or more competing core regions.
The world-systems theory divides the world into core and peripheral countries on the basis of labour division, in which the core countries focus on high-skill, capital-intensive industries, while the peripheral states focused on lower-skill, labour-intensive production, as well as raw material extraction. Due to this system, the core countries ...