Wallerstein Study

The Wallerstein Study, conducted by Immanuel Wallerstein, examined the global economic system and how countries are interconnected. It introduced the World-Systems Theory, which explains that the world economy is divided into core countries (wealthy, powerful nations), periphery countries (less developed, poorer nations), and semi-periphery countries (moderate development). The study showed that core countries often benefit at the expense of periphery nations through economic exploitation, such as labor and resources. This framework helps understand global inequality, development patterns, and the persistent economic disparities between nations, emphasizing how historical and structural factors shape international relations and economies.