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Contemporary significance

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Wallerstein’s work has been important in alerting sociologists to the interconnected character of the capitalist world economy and its globalizing effects. He therefore has to be given credit for early recognition of the significance of globalization processes, even though his emphasis on economic activity is widely seen as limiting. Wallerstein’s approach has attracted many scholars, and, with an institutional base in the Fernand Braudel Center and an academic journal devoted to its extension – the Journal of World-Systems Research (since 1995) – world-systems analysis is now an established research tradition.

Sociology

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