<P> Immanuel Wallerstein has developed the best - known version of world - systems analysis , beginning in the 1970s . Wallerstein traces the rise of the capitalist world - economy from the `` long '' 16th century ( c. 1450 -- 1640 ) . The rise of capitalism , in his view , was an accidental outcome of the protracted crisis of feudalism ( c. 1290 -- 1450 ) . Europe ( the West ) used its advantages and gained control over most of the world economy and presided over the development and spread of industrialization and capitalist economy , indirectly resulting in unequal development . </P>
<P> Immanuel Wallerstein has developed the best - known version of world - systems analysis , beginning in the 1970s . Wallerstein traces the rise of the capitalist world - economy from the `` long '' 16th century ( c. 1450 -- 1640 ) . The rise of capitalism , in his view , was an accidental outcome of the protracted crisis of feudalism ( c. 1290 -- 1450 ) . Europe ( the West ) used its advantages and gained control over most of the world economy and presided over the development and spread of industrialization and capitalist economy , indirectly resulting in unequal development . </P>
who developed the world systems theory which explains how global stratification developed
who developed the world systems theory which explains how global stratification developed
Immanuel Wallerstein
Immanuel Wallerstein