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Acording to Wallerstein, what are the central features that link national economies to a global system? Second, beginning in 1968, explain Wallerstein’s crisis of modernity – what are the structural and cultural signs that the system is failing?

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Immanuel Wallerstein is of the opinion that the major aspect that links national economies to the global order as creation of a dominating capitalist at the center and a strong political system. His position is to a large extent true because it can easily be observed through ways in which dominant world economies work hard to forge economic...

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