Systems Theory World Systems Theories Term Paper

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Technological advantages, for example, could result in change within a nation's economy and precipitate changes in some peripheral or semi-peripheral areas, as it has in India. However, Wallerstein asserts that an analysis of the history of the capitalist world system shows that it has brought about a skewed development in which economic and social disparities between sections of the world economy have increased rather than provided prosperity for all nations of the world, and will continue to do so to a dangerous degree unless some ameliorative efforts are taken.

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World-systems theory is fundamentally a pessimistic view of international economic prosperity, and unless some balance is achieved between core and peripheral states, the earth will continue to exist in a state of injustice and imbalance. Also, as there are no uncharted territories left to colonize, difficulties lie ahead even for core nations, once they have exhausted their available resources like the feudal European kingdoms of old.

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