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World-system theory

World-Systems Theory is a perspective in sociology and other social sciences that seeks to explain the dynamics of the modern world system and the development of global inequality. The theory was developed by sociologist Immanuel Wallerstein in the 1970s. 

According to World-Systems Theory, the world system is characterized by a division of labor between core nations (industrialized countries that control most of the world's wealth) and periphery nations (less developed countries that provide cheap labor and raw materials). Semi-peripheral nations occupy an intermediate position. 

The theory argues that this global system is not static but has evolved over time through a process of capital accumulation and economic expansion. It also suggests that the system is inherently unequal, with core nations benefiting at the expense of periphery nations. 

World-Systems Theory has been influential in shaping debates about globalization, economic development, and social change. Critics have raised concerns about its Eurocentric bias and its oversimplification of global dynamics, but it remains a widely used framework for understanding global inequalities.

In political science and international relations, World-Systems Theory is used to analyze the global political and economic system as a complex, interconnected whole. Developed by Immanuel Wallerstein in the 1970s, this theory posits that the world is divided into core, periphery, and semi-periphery regions, each playing a distinct role in the global economy.

1. Core countries: These are the most economically developed and technologically advanced nations, such as the United States, Western European countries, and Japan. Core nations typically dominate global trade and finance, and they often exploit resources and labor from periphery nations.

2. Periphery countries: These are the least developed nations, often located in Africa, Latin America, and parts of Asia. Periphery nations are usually dependent on core nations for technology, capital, and access to markets. They are often exploited for their resources and cheap labor.

3. Semi-periphery countries: These nations are in an intermediate position, with some industrialization and economic diversification but not at the level of core nations. Examples include countries like Brazil, India, and China, which have experienced rapid economic growth but still face significant challenges.

World-Systems Theory also emphasizes the role of imperialism, colonialism, and unequal exchange in shaping global relations. It suggests that the world system is inherently unequal and that core nations benefit from the exploitation of periphery nations. 

Critics of World-Systems Theory argue that it oversimplifies global dynamics and overlooks the agency of individual states and non-state actors in shaping international relations. However, the theory has been influential in highlighting the structural inequalities and power dynamics that characterize the global political and economic system.
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