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World Systems Theory - MIT

Carlos A. Mart nez Vela Fall 20011 World 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.

motion through conflict and contradiction. Wallerstein’s ambition has been to revise Marxism itself. World-system theory is in many ways an adaptation of dependency theory (Chirot and Hall, 1982). Wallerstein draws heavily from dependency theory, a neo-Marxist explanation of development processes, popular in the developing world, and among

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