What does the term "World Systems Theory" primarily deal with?

World Systems Theory primarily focuses on the interconnectedness of the global economy, examining how various countries and regions are linked through economic, political, and social ties. Developed by sociologist Immanuel Wallerstein, this framework argues that the world is divided into core, semi-periphery, and periphery nations, each playing different roles in the global capitalist system. Core countries are typically more economically developed and wield greater power, while peripheral countries often experience exploitation and dependency.

By emphasizing the global context and the systemic nature of economic relationships, World Systems Theory helps to explain how changes in one part of the world can have significant impacts on others. This understanding is crucial for analyzing issues such as inequality, trade dynamics, and economic development on a global scale, making it clear that the interactions and dependencies among nations are vital to understanding the contemporary world.