Sociology · World-Systems Theory
Immanuel Wallerstein (1974) described the capitalist world economy as a 'world-system'. What does this term refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A social system with a single division of labor that transcends political and cultural boundaries✓
- 2A shared global consciousness regarding ecological risks and climate change
- 3A political empire with bureaucratic administration without a central authority
- 4A mechanism for transferring wealth across different regions of a nation-state
Correct answer
A social system with a single division of labor that transcends political and cultural boundaries
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