World System Theory: Understanding the Capitalist Design

Rapti Mishra


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.


modernization, capitalism, core, periphery, world system, imperialism, nation state

Full Text:



  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.