Immanuel Wallerstein

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.

The choices we need to make over the next 25 years5 stars

Reviewed on 2000-04-09

This is an important albeit not uncontroversial contribution to the field of international political economy. The book tries to answer the question whether the world capitalist system is in crisis and the paths available for future world development. The works are firmly located within the world system thesis expounded by Wallerstein in many of his previous works.

The book intoruduces the concept of 6 vectors within which future paths can be examined. These are the inter-state system; world production; world labour force; human welfare; cohesion of states; and the structures of knowledge.

The book displays the weaknesses inherent in the world system thesis. These include overstating the degree of integration of the economies of the world and thus not taking into account the emergence of "non-states" run either by armed bandits or by organised crime.

The book does not deal adequately with the current state of the state. Given the debate around MNCs and their increasing expansion into areas which were the domain of the state this is an issue needing serious appraisal.

The depiction of this era as being a post US hegemonic era is also an area which will be contested by many writers, not least of all the Fukuyama's of the world.

Wallerstein concludes that the future depends onm how the following factors develop: * the extent to which there is loyalty to citizenship;

* the level of security through police order; the extent to which military orders are maintained; * level of welfare especially in relation to health and food distribution; * stability of religious institutions.

Italian 1997;

Korean 1998

Japanese 1999

Turkish 1999

Chinese 2002