Does world-systems analysis provide a persuasive explanation for the disparities in wealth and power in the current global order? What are the major criticisms of this approach and, are they valid?

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Does world-systems analysis provide a persuasive explanation for the disparities in wealth and power in the current global order? What are the major criticisms of this approach and, are they valid?
Answered Same DayOct 15, 2019

Answer To : Does world-systems analysis provide a persuasive explanation for the disparities in wealth and power...

David answered on Dec 28 2019
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Running Head: World System Analysis        
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World System Analysis        2
World System Analysis
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Introduction
    In order to reduce the gap between the rich and the poor, there has been adoption of different world class systems by many countries including that of super power like U.S. The country possesses the biggest gap between rich and poor but still there is not much changes in the policies of apprehensive wealth distribution. To make the understandi
ng of world history relatively easy task, there is need for the provision of concise and small piece of information that had been explained by Immanuel Wallerstein around thirty years back. He developed few theories related to division of power at that time which would have been applicable during modern time in new countries. He developed the outline of the world systems analysis on the basis of knowledgeable base to develop the mechanism of the future forms of globalization.[footnoteRef:1] [1: Neckerman, Kathryn and Florencia Torche. “Inequality: Causes and Consequences.” Annual Review of Sociology, 33, 2007: 335–357.
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    The emphasis of the world systems analysis is over the entire world issues rather than over the particular country or the nation. It also considers the processes of historical phenomenon to develop the combination of framework analysis as viewed from the other subject lines like political science, sociology or Economics. The reality of society is integrated on the basis of the interconnected group of classes, firms, households and differing national identities. It makes use of national events which were developed through modern evolution of world systems to develop the system of capitalism in liberalism on the basis of French Revolution which had happened in 1789. Along with that, there was undermining of global form revolts to provide the centrism through social formats in the year 1968 for the provision of movement in the world[footnoteRef:2]. [2: Elwell, F. W. Macrosociology: Four Modern Theorists. Boulder. Paradigm Publishers, 2006.
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    The legacy of Marx lies in predicting the utopias of social choice theories through work analyses as well as understanding the contradictions of world capitalism. A new chain of perspectives have been developed in this regard as the system capitalist world has been alive in all the aspects of world-systems analysis. The system explains the existence of the
oad economic, social as well as political framework to overcome the problems in the policy. The polity of the gap between rich and poor can be referenced to the world system through existence of the national states and features of societal elements on individual basis.
    The difference in wealth estimates of poor and rich exists because of utopias as mentioned by the social choice theories of Marx’s legacy. It also includes contradictory statements of capitalism system. In world systems analysis, there is still presence of contemporary sociology features as the cu
ent tradition is alive on the basis of the perspectives of Immanuel Wallerstein. The division of wealth is dependent over the individual behaviour of the states and their internal policy matters related to taxation as well as marketing strategies in each sector of the economy. He works on the principle of national weightage without any reference to the member status on which their growth and progress depends. There will not be any difference in the world system analysis as it can be embedded in national societies [footnoteRef:3] [3: Wallerstein, Immanuel. The Capitalist World Economy. Cam
idge. England: Cam
idge World Press., 1979.
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    As per the study conducted by Wallerstein, there will be description of the three social systems over which modern national states are dependent. These include World Empires, World Economies and Mini-systems. All these have inter-connected systems of social goals to promote the betterment of macroeconomic parameters. In case of mini-systems, the study will be done on the basis of primarily homogenous societies by the theories and tools of anthropologists. It involves activities like pastoral, gathering of food and other items for daily use, hunting of animals for food, and other types of horticulture activities. It leads to earning of income for low and middle income group people at lower level. Being a self-sustainable system, the production of goods and services generally happens through simple systems. These classes of people are not able to progress much which can better be explained by the world class social systems.
In the second kind of the social class of people, the dependency of people is over the production of goods and services through extraction activities which are being catered to the different regions of the nation and district parts. The domination...
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