World-System Theory: A Sociopolitical Approach to Explain World Economic Development in a Capitalistic Economy

Journal of Economics and Political Economy, vol. 5, n. 4, pp. 459-465 (2018) DOI/10.1453/jepe.v5i4.1787

12 Pages Posted: 17 Jan 2019

See all articles by Mario Coccia

Mario Coccia

National Research Council of Italy (CNR)

Date Written: January 14, 2019

Abstract

This conceptual paper describes world-systems theory that is a socioeconomic and political approach that explains the economic development and dynamics of capitalistic world economy. In particular, this study clarifies international market trade, economic division of labor and other relationships between core and periphery areas. Some limitations of this approach conclude this study.

Keywords: World-Systems Analysis, World Economy, World Market, Capitalistic World Economy, Core-Periphery areas

JEL Classification: F20, F43, F60, N10, O11, O50, P10, P40

Suggested Citation

Coccia, Mario, World-System Theory: A Sociopolitical Approach to Explain World Economic Development in a Capitalistic Economy (January 14, 2019). Journal of Economics and Political Economy, vol. 5, n. 4, pp. 459-465 (2018) DOI/10.1453/jepe.v5i4.1787, Available at SSRN: https://ssrn.com/abstract=3315556

Mario Coccia (Contact Author)

National Research Council of Italy (CNR) ( email )

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