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-The Modern World System Capitalist Agriculture and The Origin of The European World Economy, is Immanuel Wallenstein‟s historical exposition of the structure and character of the prevailing global sociopolitical and economic relation. He made an insightful note on the exploitative nature of this relation. And the inevitable consequences are highlighted. The claims in this study are by no means original but by adding the semi-periphery in this analysis he has expanded the existing theory of global political economy from bimodal to trimodal structure. However, the strength of Wallenstein study lies not in the originality of its theory but on the fervent and pugnacious contention of the study that the contemporary global socio-political and economic composition would suffocate development in the periphery nations, undermine liberal democracy and promote global inequality. And ultimately favour the rich capitalist nation over the poor ones if the present trend is allowed to continue.

A Critique of Immanuel Wallenstein’s World System Theory in The Modern World System.