Wallerstein's World-Systems Analysis

Wallerstein's World-Systems Analysis views the world as an interconnected economic system divided into core, semi-periphery, and periphery regions. Core countries are highly developed and control most wealth and power, while semi-periphery has moderate development. Periphery countries are less developed, often providing raw materials and labor cheaply. The system sustains inequality through economic relationships, with wealth flowing from the periphery to the core. This analysis explains global inequality and how economic and political processes link countries, emphasizing that the world's development and underdevelopment are interconnected parts of a single, global system.