World Systems Theory By Sociologist Immanuel Wallerstein

In the perspective of world-systems theory, the United States is considered a core country, whereas the global South (Africa, Latin America, and evolving Asia including the Middle East) contains a multitude of peripheral countries. With such extensive poverty impeding the progress of countries within the global South, it is possible that the United States can provide effective assistance. However, an explanation must be presented to express how these core countries and peripheral countries become just that, in order to determine how they can change their status. This paper intends to address how countries grow, how the US can aid the global South in the struggle of poverty, and the possibility of altering trade policies to eventually†¦show more content†¦When it comes to sovereignty, there are two types: internal and external. Internal sovereignty occurs within your borders, whilst external sovereignty is when other countries recognize this total autonomous power that has ac cumulated. Wallerstein agreed with the concept of less borders and more commonalities. He theorized that the core and the periphery should think and act more as a whole rather than different parts, as those parts affect the outcome of the same machine. Therefore, it would stand to reason that if the United States were to assist the global South in reducing poverty, that it would actually be beneficial for the system as a whole. US aid: In the current world-economy, core countries such as the US go through increases in wages, employment, and general prosperity. However, when this phase comes to an end, it is the peripheral countries that bear the burden. (Wallerstein, 30) For example, let’s say that the US produces a product. The production of this good does quite well, until there is a tipping point, otherwise known as an ‘overproduction’. The product is manufactured at such a high rate that it surpasses the actual demand for said good. Due to the surplus, the prices become more competitive and continue to decline, which means that there is less of a profit. So, core countries then outsource their production processes toShow MoreRelatedWorld System Theory : Immanuel Wallerstein980 Words   |  4 PagesImmanuel Wallerstein (1930-) is a famous American historian, sociologist, and political scientist. His radicalism and his bold and pragmatic critique of capitalism have made him become the representative in social sciences field. (Wang Zhengyi. 2000) Owing to the obvious origins of his writing and Marxist theory, and the continuation of a large number of terms in Marxism, such as capital, relations of production, and class, Wallerstein is also regarded as the representative of the new Marxist schoolRead MoreImmanuel Wallersteins World Systems Theory1893 Words   |  8 PagesTwo theories of Globalisation that explain it relatively effectively are Immanuel Wallerstein s World-Systems theory and John W. 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