Wallerstein's World-Systems Theory

Wallerstein's World-Systems Theory posits that the world is divided into core, semi-peripheral, and peripheral countries, which interact in a global economic system. Core countries are wealthy and technologically advanced, exploiting resources and labor from peripheral countries, which are often poorer and dependent. Semi-peripheral countries fall in between, exhibiting traits of both. This structure affects global trade, social dynamics, and power relations, emphasizing that economic disparities and relationships are rooted in historical contexts of colonialism and capitalism. Essentially, it highlights how interconnectedness shapes inequalities across nations.