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Immanuel Maurice Wallerstein (/ ˈ w ɔː l ər s t iː n /; [2] September 28, 1930 – August 31, 2019) was an American sociologist and economic historian.He is perhaps best known for his development in sociology of world-systems approach. [3]
The modern world-system, a capitalist world-economy, is unique in being the first and only world-system, ... According to Immanuel Wallerstein, a core state is ...
The modern world-system has a multi-state political structure (the interstate system) and therefore its division of labor is international division of labor. In the modern world-system, the division of labor consists of three zones according to the prevalence of profitable industries or activities: core, semiperiphery, and periphery.
Wallerstein developed the World Systems Theory utilizing the Dependence theory along with the ideas of Marx and the Annales School. [18] This theory postulates a third category of countries, the semi-periphery, intermediate between the core and periphery. Wallerstein believed in a tri-modal rather than a bi-modal system because he viewed the ...
She was especially well known for her monograph Before European Hegemony: The World System A.D. 1250-1350 wherein she argued that a pre-modern world system extending across Eurasia existed in the 13th century, prior to the formation of the modern world-system identified by Immanuel Wallerstein.
Immanuel Wallerstein wrote that the development of a capitalist world-economy created all of the major institutions of the modern world, including social classes, nations, households and states. These institutions also created each other, as nations, classes, and households came to be defined by their relations to the state, and were ...
Immanuel Wallerstein, The Modern World System II: Mercantilism and the Consolidation of the European World-Economy, 1600–1750, Academic Press; (June 1980). Immanuel Wallerstein, The Modern World System III: The Second Era of Great Expansion of the Capitalist World-Economy, 1730–1840s.
Prominent figures of the World Systems Theory were Immanuel Wallerstein and Giovanni Arrighi. [3] While they use a widely similar scientific vocabulary, Amin rejected, for example, the notion of a semi-periphery and was against the theorization of capitalism as cyclical (as by Nikolai Kondratiev ) or any kind of retrojection., thus holding a ...