World System Theory: Understanding the Capitalist Design
World system theory, which came to be popular after Immanuel Wallerstein’s work, made its presence visible at a point when the older dominant approach in understanding development-the modernization theory, was under attack from all the sides. This theory is a theoretical break from theories of modernization and thus provides a new guide to our investigation of the emergence and development of capitalism, industrialization and nation-state. This work is an effort to revisit world system theory and see how it has influenced the classical understanding with its alternative view to look at International relations.
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