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STAGES OF DEPENDENCY OR CYCLES OF WORLD-SYSTEM DEVELOPMENT?

Christopher Chase-Dunn
Humboldt Journal of Social Relations
Vol. 8, No. 1 (Fall/Winter 1980/81), pp. 1-24
Stable URL: http://www.jstor.org/stable/23261573
Page Count: 24
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STAGES OF DEPENDENCY OR CYCLES OF WORLD-SYSTEM DEVELOPMENT?
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Abstract

This paper discusses competing formulations of the periodization of capitalist development. It adopts the position that the capitalist system is a world-system which emerged from European feudalism in the long sixteenth century and expanded in a series of growth periods to incorporate the whole globe by the end of the ninetheenth century. Focussing on the characteristics of the whole system sheds new light on the traditional Marxist periodization of capitalist development. It is seen that the mercantilist-competitive-monopoly sequence may be better understood as the combination of several cycles and trends. The notion of a "new dependency" characterizing the present period of industrial growth in the periphery is criticized. Instead it is argued that many of the new forms which have emerged in the core-periphery relationship can be understood as functional equivalents of earlier mechanisms of domination.

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