Understanding Global Inequality through Wallerstein’s World-Systems Theory: Core-Periphery Dynamics and the Global Order Immanuel Wallerstein’s World-Systems Theory offers a macro-sociological approach to understanding the structural underpinnings of global capitalism and inequality. Emerging from critical and Marxist traditions, the theory challenges conventional state-centric and modernization paradigms by positioning the capitalist world-economy as a singular, historical system … Continue reading How does Wallerstein’s World-Systems Approach conceptualize global inequality and the structural dynamics of capitalism? Critically analyze its relevance in understanding the core-periphery hierarchy, historical shifts in the global economy, and its explanatory power in contemporary international relations.