Socialist Wallerstein's World Systems Theory

INTRODUCTION: BACKGROUND

Modern global colonialism or in other words imperialism started in the world, in the 15th century by the exploration of North and South America, Middle East, East Asia and
Africa. By the 1980s, in the world, traditional colonization had pretty much disappeared. Most of the nations that had been colonized prior to World War I, had achieved some sort of political independence, and had established their own governments. After a period of time, for whatever reasons, the colonized nations decided to leave these countries. Colonial domination established some patterns of economic exploitation in a lot of these countries that continued on even after they achieved their own nationhood. Because, some of these nations never

Socialist Wallerstein has done a lot of work in this area. He has what he termed World System Analysis, which is a perspective or theory, which says that there are unequal economic and political relationships in which certain industrialized nations and their global corporations dominate core of the world’s economic system.

WORLD SYSTEMS THEORY (WST) -BEGINNING OF THE 21ST CENTURY
WST
• studies the entire global economy as a world system.
• claims that we cannot understand the fate of a country without understanding its place in the overall system.
• claims that countries are not poor because of their own characterics, they are poor because of their position relative to other countries in the global capitalist system. (narrated from Slideshare.net)
WST studies the countries in three

Powerful, rich and dominant core ones exploit the poor ones. I think, technology started to become the main factor for this positioning in the core or periphery ones. Poor countries generally export agricultural products, sea products or other raw materials. When core countries export their technology, they earn more, and this causes, what Wallerstein called, an “unequal exchange” in the system. Thus, this creates a process of “capital accumulation” at a global scale. If the world system is compared to an organism, I believe that the problems in the poor countries will extend and negatively affect the core ones, as well. We cannot expect a fully equal global scale in the system, but at least the gap between the core ones and the others should be reduced to the