Topics: Sociology, Immanuel Wallerstein, World-systems approach Pages: 2 (411 words) Published: December 2, 2012
Shannon Kelley
History 102
World System theory
While a world-system is described as a "world economy", integrated through the market rather than a political center, in which two or more regions are interdependent with respect to necessities like food, fuel, and protection, and two or more polities compete for domination without the emergence of one single center forever. The founder of the system Immanuel Wallerstein, he describes the world system theory as a "multicultural territorial division of labor in which the production and exchange of basic goods and raw materials is necessary for the everyday life of its inhabitants." The Core plays a big part in the world system theory. The Core consists of three main parts: control trade, capital, and processing. The Core is set to make revenue because products such as sugarcane and cotton from the Periphery are processed through the Core to make sugar cubes and fine fabric to sell back to the Periphery countries. This is a continuous cycle between the both. The Periphery is made up of three parts: land, labor, and raw material. Peripheries are poor counties that use their resources such as raw material to send to the Core to make a whole- some good to buy back in their country. In the poor countries farmers farm one particular good instead of variety of raw material because it helps them make money from the Core counties and be able to save money. China is known to be one of the largest traders because how well defined their empire is. Because China has their own local productive system in the 1600 and 1700, which allow them to live outside the world system because they have the reliable resources to produce, manufactures, and sell goods. China also has partnerships and share imports with other large trading countries such as Japan, Europe, and the United States. The World system does not compare to china ways of trade because their way of making goods and profiting from what they manufacture...
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