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The essential argument of the world-system theory is that in the 16th century a capitalist world economy developed, which could be described as a world system. [56] The following is a theoretical critique concerned with the basic claims of world-system theory: "There are today no socialist systems in the world-economy any more than there are ...
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.
The Journal of World-Systems Research (JWSR) is a biannual, open access, peer-reviewed academic journal in the field of world-systems analysis, established in 1995 by founding editor Christopher Chase-Dunn at the Institute for World-System Research at the University of California at Riverside. [1]
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.
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 ...
Janet Lippman Abu-Lughod (August 3, 1928 – December 14, 2013) was an American sociologist who made major contributions to world-systems theory and urban sociology. [ 1 ] [ 2 ] Early life
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.
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]