4 Tutorials that teach Capitalist World Economy
Take your pick:
Capitalist World Economy

Capitalist World Economy

Author: Sadie Pendaz

This lesson will examine the contribution of Immanuel Wallerstein and the concept of capitalist world economy.

See More
Introduction to Sociology

Want to study the effects of an affordable education?
Our Intro to Sociology course for only $329.

Sophia's online courses not only save you up to 80% over traditional college**, but are also eligible for credit transfer to over 2,000 colleges and universities.* Start a free trial now.

  • Immanuel Wallerstein

    American sociologist who developed World Systems Theory (Capitalist World Economy) to explain global economic stratification.

  • Capitalist World Economy (World Systems Theory)

    A theory that holds that core countries are intimately connected with peripheral and semi-peripheral countries in a world system, and that the core exploits the periphery.

  • Core Countries

    Powerful countries that economically, politically, and culturally control most of the world system.

  • Periphery Countries

    Weak countries that have been integrated into the world system in a dependent position.

  • Semi-Periphery Countries

    Countries in the middle that benefit from close relationships with core countries in the exploitation of periphery countries.