This essay entitled "The Modern World-System" concerns the system of the modern world. According to Wallerstein, “a world system is a social system, one that has boundaries, structures, member groups, rules of litigation, and coherence”…
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Unlike an empire where political structure connects culture with livelihood, the political structure in the world-economy works towards connecting culture with spatial position. Cultural harmonization tends to work in the best interest of specific groups in world-economy. In core-states, integration has perpetuated disparities that exist within the world economy. World-economies are made up of core-states. Peripheral regions are weak and have low independence. Sandwiched between core-states and peripheral areas are semiperipheral areas, which are an essential component of the world-economy structure. Semiperipheral areas act as a link between core-states and peripheral areas. The modern world-economy is a typical capitalist economy. The geographical definition range, as well as the status of its self-consciousness, remains vital in assessing a class. A group self-conscious is an outcome of conflict scenarios. Class boundaries in the upper societal strata are explicit ensuring a high likelihood of maintenance of privileges. There is a single class that has established itself as a universal- capitalist class. There is always friction in the relationship between the capitalist class and all the other social strata. Strong states work in the best interest of a particular group at the expense of others. In the world-economy, structures tend to be strong in core-states, while weak among periphery areas. Exploitation and rejection of coercion still remain an integral part of the modern world economy.
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