The Ideology of Wholism: World-Systems Theory and the Global Corporation

Wells, Alan; Reynolds, Larry T.
August 1986
Humanity & Society;Aug86, Vol. 10 Issue 3, p243
Academic Journal
World-systems theory has received a certain amount of acclaim from the discipline of sociology, and it is a recognized specialty area within the American Sociological Association. Two relatively new and certainly vigorous lines of inquiry have provided the impetus for a renewed growth of large-scale, macro sociology, world-systems theory being one of them. While world-systems theory is an innovative, and exciting theoretical view of world order, the urgent and questionable work on multinational corporations does describe an emergent empirical reality, and this is the focal point of the article. Understanding the world economy demands a detailed investigation of the largest corporations. Most importantly, constant attention is required towards the active agents of the ruling class who own and control these large-scale corporate entities. The multinationals are, in fact, vehicles of class dominance, and it becomes necessary to know not only the specific pattern of this dominance, but also the role being played by multinationals in extending it on a worldwide basis.


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