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ANSWERS: 2
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From the site listed below: In his book, The Modern World System: Capitalist Agriculture and the Origins of the European World Economy in the Sixteenth Century, Immanual Wallerstein develops a theoretical framework to understand the historical changes involved in the rise of the modern world. The modern world system, essentially capitalist in nature, followed the crisis of the feudal system and helps explain the rise of Western Europe to world supremacy between 1450 and 1670. According to Wallerstein, his theory makes possible a comprehensive understanding of the external and internal manifestations of the modernization process during this period and makes possible analytically sound comparisons between different parts of the world... More can be read to explain the theory at: http://www.fordham.edu/halsall/mod/wallerstein.html I reviewed various sites and this seemd the most laymanish and succinct.
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1) "capitalism is not just an economic system bounded by national borders highlighting class inequality. Rather, capitalism must also be seen as involving relationships among nations and these relationships too are based on inequality. Those nations which developed capitalistic economies early then went on to dominate other nations through colonization or simply through linking the economies of the nations in ways that favored the more dominant nation and placed the others into a condition of dependency on the dominant nation. This state of dependency tended to hamper the development of the other economies." Source: http://bitbucket.icaap.org/dict.pl?term=WORLD%20SYSTEMS%20THEORY 2) Further, partly understandable information here: http://www.sociology.emory.edu/globalization/theories01.html 3) Further information: http://www.fordham.edu/halsall/mod/wallerstein.html http://en.wikipedia.org/wiki/World_Systems_Theory
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