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Immanuel Wallerstein'S World System Theory

Author

Listed:
  • Cosma Sorinel

    (Universitatea Ovidius Constanta, Facultatea de Stiinte Economice)

Abstract

World-systems analysis is not a theory, but an approach to social analysis and social change developed, among others by the Immanuel Wallerstein. Professor Wallerstein writes in three domains of world-systems analysis: the historical development of the modern world-system; the contemporary crisis of the capitalist world-economy; the structures of knowledge. The American anlyst rejects the notion of a "Third World", claiming there is only one world connected by a complex network of economic exchange relationship. Our world system is characterized by mechanisms which bring about a redistribution of resources from the periphery to the core. His analytical approach has made a significant impact and established an institutional base devoted to the general approach.

Suggested Citation

  • Cosma Sorinel, 2010. "Immanuel Wallerstein'S World System Theory," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 220-224, December.
    • Handle: RePEc:ora:journl:v:1:y:2010:i:2:p:220-224
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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n2/031.pdf
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    More about this item

    Keywords

    World system; core; semi-periphery; periphery; external regions;
    All these keywords.

    JEL classification:

    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General

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