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World Systems Theory - MIT

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Carlos A. Mart nez Vela Fall 20011World Systems Theoryby Carlos A. Mart nez-Vela11. The ApproachWorld- system Theory is a macrosociological perspective that seeks to explain thedynamics of the capitalist World economy as a total social system . Its first majorarticulation, and classic example of this approach, is associated with ImmanuelWallerstein, who in 1974 published what is regarded as a seminal paper, The Rise andFuture Demise of the World Capitalist system : Concepts for Comparative Analysis.

development of transnational structures that constrain local and national development, (4) explaining in terms of ahistorical ideal types of “tradition” versus “modernity”, which are elaborated and applied to national cases. In reacting to modernization theory, Wallerstein

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