The Age of Transition
Trajectory of the World System, 1945-2025
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The aim of this book is to account for the changes in the world in the second half of the 20th century and to identify the likely trajectory of global trends over the coming generation. Professor Wallerstein and his team present evidence not simply that the global system is entering a new era, but that the whole capitalist structure may be approaching a systematic disintegration.
Immanuel Wallerstein's World-System theory made a big impact on International Political Economy when it was first formulated in the early 1980s. Although subsequently criticised, the recent demise of the Soviet system's historic attempt to delink from global capitalism has provided a perhaps unanticipated confirmation of the profundity of its insights. Now with this new book, Wallerstein and a team of colleagues from the Fernand Braudel Center for the Study of Economies, Historical Systems and Civilizations take world-system theory a major step forward.
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