The World System Theory

World System Theory is a sociological framework that analyzes the global economy as a complex system divided into core, semi-periphery, and periphery countries. Core nations are economically developed, technological leaders, and exploit resources from peripheral nations, which are less developed. Semi-periphery countries are in between, exhibiting both characteristics. This theory emphasizes how economic and political relationships shape inequalities and influence power dynamics worldwide, highlighting that events in one part of the world can significantly impact others, ultimately stressing the interconnected nature of global development.