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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. In1976 Wallerstein published The Modern World system I: Capitalist Agriculture and theOrigins of the European World -Economy in the Sixteenth Century.

of the emergence and development of capitalism, industrialism, and national states” (Skocpol, 1977, p. 1075). Criticisms to modenization include (1) the reification of the nation-state as the sole unit of analysis, (2) assumption that all countries can follow only a single path of evolutionary development, (3) disregard of the world-historical

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