Essay on World Systems

987 Words 4 Pages
Some of the things that are learned in a modern world system class is what are world system and globalization. Because it is hard to write down the definition in my own word I am going to use the words of Immanuel Wallerstein. Wallerstein wrote that a world system is “a social system, one that has boundaries, structures, member groups, rules of legitimation, and coherence. Its life is made up of the conflicting forces which hold it together by tension and tear it apart as each group seeks eternally to remold it to its advantage. It has the characteristics of an organism, in that it has a life-span over which its characteristics change in some respects and remain stable in others. One can define its structures as being at different times …show more content…
Some regions in the "semiperiphery" moderated this inequality by serving as a buffer. States also played a crucial role in maintaining the hierarchical structure, since they helped to direct profits to monopoly producers in the core and protected the overall capitalist economy (e.g., by enforcing property rights and guarding trade routes). At any one time, a particular state could have hegemonic influence as the technological and military leader, but no single state could dominate the system: it is a world economy in which states are bound to compete. While the Europeans started with only small advantages, they exploited these to reshape the world in their capitalist image. The world as a whole is now devoted to endless accumulation and profit-seeking on the basis of exchange in a market that treats goods and labor alike as commodities”(Globalization website)

Now according to my notes, The first, is the interstate system that developed from the 1500’s on. The interstate system over the last 500 years established the framework in which wars were fought. More importantly the interstate system created the framework that shaped the workings of the free market system. Interstate relations governed the linkages to profitability. The process of accumulating capital on a world scale required the continual development of the world’s forces of production. The

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