World Systems Theory: The World System Theory In The World

Introduction

As the time goes by, the world has been transforming into a global scene. Globalization is a process of interaction and integration among the people, world perspective, products, enterprises, governments of different nations, and other aspects of culture, and society that is completed in the twentieth century. This process has impacts on the environment, on culture, on political frameworks, on economic development and prosperity, and on human physical well-being in societies all over the world. But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many people believe that the world has entered a qualitatively new stage in its economic development (The Levin Institute).

This current process has been driven by policies that have opened economies locally and

This theory emphasizes the social structure of global inequality (Hurst).

The main characteristics of this theory are this world systems theory is divided on a three-level hierarchy consisting of core, periphery, and semi-periphery areas.

Core Countries

Core countries are dominant capitalist states that exploit peripheral countries for labor and raw materials. They are strong in military force and not subject on any one state or country. They serve the interests of the powerful economic. They are centered on higher skill and capital-intensive production. Core countries are powerful, and this power permits them to pay lower costs for raw goods and exploit cheap labor, which continually reinforces the unequal status between core and peripheral countries (Hurst).

Recently, the United States is an example of a core country. The U.S. has large amounts of capital, and its labor forces are relatively well paid.

Periphery