Modernisation Theory vs Stratified Democracy #3

PART 3 World Systems Theory If Dependency Theory is an incomplete critique of Modernisation Theory, Wallerstein provides a more complete model with World Systems Theory which was developed specifically as a response to criticisms of Dependency Theory and an extension of Frank’s ideas. It is based on 4 underlying principles :- Individual countries or nation-states are not an adequate unit of sociological analysis. Wallerstein held that the focus must be on the overall social system that transcends national boundaries – as it has done for centuries – and not on the concept of nation-state exploiting nation-state, as per Frank. Capitalism has created the world order or ‘modern world system’ (MWS) because capital has always ignored national borders in its search for profit. Dominated by the logic of profit and the market, the MWS forms one unified system. Wallerstein builds upon Dependency Theory by proposing that the MWS is characterised by an economic division of labour made up of a structured set of relations between 3 types of Capitalist zone:- (i) the ‘core’ – the developed countries which control world trade and monopolise the production of manufactured goods (ii) the ‘semi-periphery’ – countries like Brazil and South Africa which have urban centres… Read More