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What is Wallerstein about?

Immanuel Wallerstein developed world-systems theory to analyze the global capitalist system and its emergence in the 16th century. He argued that the world economy consists of a core, periphery, and semi-periphery, with the core exploiting the other regions. Wallerstein aimed to replace modernization theory by examining the power dynamics between regions and how the capitalist world-system constrained development. His theory draws upon Marxism, dependency theory, and the French Annales School to provide a f

Author

Sruthy P Nair

Language

EN