TITLE

World Systems Theory

AUTHOR(S)
Da Silva, Anna
PUB. DATE
April 2018
SOURCE
World Systems Theory -- Research Starters Sociology;4/1/2018, p1
SOURCE TYPE
Research Starter
DOC. TYPE
Article
ABSTRACT
This article offers an overview of the origins and the main features of the world-systems analytical framework. Both the historical roots of long term social change and the global scope of the large-scale transformations of the modern world-system are emphasized. According to the world-systems theory, the global division of labor separates nation states into three tiers: the core, the periphery and the semiperiphery. The world capitalist economy is characterized by waves of economic expansion and decline. Each cycle of expansion gives rise to a leading state from the core of the world-system, a hegemon, which is able to control the world's most powerful financial and economic institutions. The historical perspective afforded by the world-systems analysis reveals a hegemonic sequence, or a succession of the powerful leading states, presiding over large scale social change. Lastly, the world-systems analysis is employed to examine what scholars consider to be a current hegemonic crisis of the modern world-system.
ACCESSION #
37219551

 

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