The Capitalist World-Economy. By Immanuel Wallerstein. Cambridge: Cambridge University Press and National Development and the World System: Educational, Economic, and Political Change, 1950-1970. Edited by John W. Meyer and Michael T. Hannan

Social Forces ◽  
1980 ◽  
Vol 59 (2) ◽  
pp. 538-543
Author(s):  
D. Chirot
Author(s):  
Alexandre Freitas

The objective of this article is to discuss the relevance of the concept of semiperiphery to analyze the world system in the 21st century. First, the main concepts of the world-system approach will be analyzed. In the second part, a more in-depth examination of the question of the semi-periphery will be made through its political and economic characteristics. Later, we will examine the empirical attempts to define the semiperiphery, its role in the reproduction of the capitalist world-economy and the question of mobility in the world-system hierarchy. In conclusion, the role of government apparatus in the issue of development and overcoming the status of semi-periphery in the capitalist world-system will be highlighted.


1996 ◽  
pp. 94-102
Author(s):  
Stephen K. Sanderson

In his fascinat ing book "A Short History of the Future," published in 1992, W. Warren Wagar lays out a futuristic vision of the world over the next two hundred years that draws extensively on Inunanuel Wallerstein' s world-system theory. In the year 2001 began the last of the great Kondratieff upswings of the capitalist world-economy. That economy had come to be increasingly dominated by a few giant corporations, so that by 2015 12 "megacorps" had assumed control of the world-economy and thegovernments of the major capitalist powers. The Kondratieff upswing ran its course by the early 2030s and then a devastating worldwide depression set in, the lowest point of which was reached in 2043.


1986 ◽  
Vol 7 (1) ◽  
pp. 25-36 ◽  
Author(s):  
Chris Rojek

It is often maintained that capitalist and socialist systems of organization are diametrically opposed. This paper uses convergence theory and the problem of divergence to attack this position. It is argued that socialist systems are economically integrated into the capitalist world economy, and further, that the ideology of divergence acts as a central dynamic in relations of production in the world economy. The world system perspective associated with neo-Marxist writers such as Wallerstein and Frank, is used to suggest an alternative framework for examining the organizational dynamics of 'capitalism' and 'socialism'.


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