The Capitalist World-Economy (Immanuel Wallerstein)

The Capitalist World-Economy, as developed by Immanuel Wallerstein, is a global system where economic activities are interconnected through capitalism, creating a unified world market. Countries and regions occupy different roles: core nations (wealthiest, most powerful), semi-peripheral, and peripheral (less developed, dependent regions). This system perpetuates economic inequalities, as wealth and resources flow from less developed areas to core nations. It emphasizes how global capitalism shapes politics, culture, and social relations, maintaining a cycle where economic dominance and dependency sustain the structure of the world economy.