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Key Points

• World-system theorists are rather sceptical about the emphasis currently being placed on the notion of globalization.

• Rather than being a recent phenomenon they see the recent manifestations of globalization as being part of long-term trends in the develop­ment of the world-economy, within which all features have been interconnected.

• Furthermore the notion of globalization is increasingly being used as an ideological tool to justify reductions in workers rights and welfare provision.

Questions

  1. How did Lenin's approach to international relations differ from that of Marx?

  2. To what extent is the affluence of people in the developed world dependent on the poverty of people in the less developed world?

  3. How does a world-economy differ from a world-empire?

  4. How useful is Wallerstein's notion of a semi-periphery?

  5. What accounts for the stability of the modern world-system?

  6. What is the role of a 'comprador' class?

  7. Do you agree with Wallerstein's view that the modern world-system is now entering a period of crisis?

  8. How do world-system theorists view the notion of 'globalization'?

  9. What do you regard as the main contribution of world-system theory to our understand­ing of world politics?

A guide to further reading

The most complete account of the world-system approach to the study of international relations is to be found in the work of Immanuel Wallerstein. If you have the time and energy the three vol­umes of The Modern World-System, are well worth studying (San Diego: Academy Press, 1974, 1980, 1989). Wallerstein's many articles, which give an insight to his views on the cold war, and indicate the directions in which his work is heading, have been collected in a number of volumes (see Wallerstein 1979,1984,1991я, 1991b, 1995). Also worth looking at is an up-to-date account of his views on the relationship between the interstate system and the world economy, which also includes a discussion of hegemony and the likely direction of the world-economy: I. Wallerstein, 'The Inter-State Structure of the Modern World-System', in S. Smith et al, International Theory: Positivism and Beyond (Cambridge: Cambridge University Press, 1996).

Of the many people that have worked closely with Wallerstein we particularly recommend the work of Christopher Chase-Dunn, esp. Global Formation: Structures of the World-Economy (Oxford: Blackwell, 1989). Chase-Dunn has in particular focused on theorizing the relationship between the world-economy and the system of states.

Of the other theorists of global capitalism we suggest looking in more depth at any of the writers discussed in Box 7.2. To see Dependency Theory in its most lively form see especially A. G. Frank, Dependent Accumulation and Underdevelopment (New York: Monthly Review Press, 1979), and for a particularly sophisticated account F. H. Cardoso and E. Faletto, Dependency and Development in Latin America (Berkeley: University of California Press, 1979).

The strength of the world-system approach is perhaps best reflected by the extent to which it has attracted criticism. As well as the critics discussed in Box 7.4, see also:

Skocpol. Т., 'Wallerstein's World Capitalist System: A Theoretical and Historical Critique', American Journal of Sociology, 82: 5 (1977).

Worsley, P., 'One World or Three? A Critique of the World-System Theory of Immanuel Wallerstein', Socialist Register (London: Merlin Press, 1980).

Harvey, D., 'The World Systems Theory Trap', Studies in Comparative Development, 22: 1 (1987).

Washbrook, D., 'South Asia, The World System and World Capitalism', Journal of Asian Studies, 49: 3 (1990).

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